Pakistan

Pakistan attracted foreign direct investment worth $1.05 billion in 6 months

direct investment

According to the data, released by the State Bank of Pakistan on Tuesday, Foreign Direct Investment has gone up by 20 percent year-on-year basis during the period from July to December in the last calendar year.

The investment during this period comes to $1.05 billion as compared to the inflow of $879.7 million during the same period, last year. During the month of December, the inflow increased by 29 percent year-on-year basis to $218.7 million.

The Foreign Direct Investment during the last fiscal year was worth $1.86 billion which was smaller than the number of foreign remittances and export proceeds. China, the share of which is the biggest among all the countries, its inflow came to $306 million during the first six months of the ongoing fiscal year.

Read more: Foreign direct investment falls 12% to $662 million during first four months

This is lesser than the expected level of inflows. In the month of December, the Foreign Direct Investment from China stood at $167.4 million which is more than half, done during the first six months of the current financial year. The outflow of FDI from China during the period, under review, stood at $397 million against an inflow of $1.45 billion.

In the last fiscal year, the outflow had stood at $686 million as compared to the inflow of $1.56 billion. The net outflow stood at $307 million during the first half of this fiscal year as compared to the net outflow of $244.4 million during the same period, last year.

FDI from the United States of America came to $149 million, the FDI from Hong Kong stood at $110.9 million, the FDI from the Netherlands came to $124.5 million, FDI from Singapore stood at $66 million and the FDI from UAE came to $66.4 million during the period from July to December in the last calendar year.

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