Foreign investment up by 46 pc in 8 months of FY 2016-17

Foreign investment has hiked 46pc during first eight months of the ongoing fiscal year in comparison with the same period of the previous fiscal year.

According to State Bank of Pakistan (SBP), foreign investment registered an increase of $610 m to reach $1.93 b in first eight months of FY 2016-17.

Moreover, foreign direct investment (FDI) has also increased by 6pc to $1.28 b in first eight months. However, foreign investors showed reluctance investing in Pakistan’s equity market and sold shares worth $350m.

According to financial analysts, international companies operating in Pakistan are anticipating further economic growth in the near future. Analysts believe if government slashes cost of production and ease business processes, Pakistan is likely to increase FDI into the country.

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Industrialists are of the view that continuous improvement in the security situation and China-Pakistan Economic Corridor have restored investor confidence..

 

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