Chinese share in FDA a sizable 57%; power and construction sectors major attractions
The power sector remained the major attraction with the inflows totting up $885m in FY18, up just shy of $200 from FY17, from an even $700m.
The construction industry, the SBP figures revealed, maintained its strong growth during this year with a robust $707m, way higher than $466m in FY17. This was in keeping with the trend over the last three years.
Oil and gas exploration attracted $194m during FY18 compared to $146m in FY17 while the food sector hit a massive, nearly 80% decline – from $525m in FY17 to mere $105m in FY18. Last fiscal year saw a large investment food sector as Friesland Campina, a Dutch company, bought 51pc shares in Engro Foods for around $450m.
The financial sector also had lower but still significant investment of $276m compared to $296m in the FY17, while the telecom sector also showed a slight fall to $72m in FDI.
The trade and transport sectors also remained well-placed as the recipient of $94m and $74m – an improvement on the previous year for both.
