Pakistan attracts $11.96bn net FDI in five years

— China made the highest investment of $4.966 billion, followed by UK with $1.6 billion

ISLAMABAD: The country has attracted $11.96 billion net Foreign Direct Investment (FDI) during the last five years (2013 to 2018).

The year-wise data showed that during Financial Year 2012-13, the net inflow of FDI was recorded at $1.456 billion, while the net FDI during 2013-14 was recorded at $1.699 billion, and in 2014-15, it stood at $987 million.

Similarly, $2.3 billion worth of FDI flowed to Pakistan during 2015-16, $2.746 billion in 2016-17 and $2.767 billion in 2017-18.

According to the data issued by the State Bank of Pakistan (SBP), China made the highest investment of $4.966 billion during the period under review, followed by UK, which invested $1.6 billion.

Investment from the United States during last five years was recorded at $813 million, United Arab Emirates $425 million, Japan $281 million, Hong Kong $858.6 million, whereas Switzerland made an investment of $600.2 million.

Austria made an investment of $224 million, the Netherlands $410 million, Italy $634 million, Turkey $234 million while all other countries invested $909 million.

The sector-wise data has revealed that during the last five years, the highest investment was made in power sector where an amount of $3.12 billion was invested, followed by $1.95 billion investment made in the oil and gas exploration sector, and $1.624 billion in the financial business sector.

In the construction sector, a total investment of $1.35 billion was made while in food and beverages, transport equipment (auto), and electronics, an investment of $1.3 billion, $289.2 million, and $268.4 million was made respectively.

Likewise, in the textiles sector, an investment of $127.4 million was made while in trade, tobacco, communication, and chemicals sectors, an investment of $206 million, $190 million, 371 million, and $222.7 million was recorded in the country.

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