Foreign direct investment falls 77.2pc to $899.5m

ISLAMABAD: Pakistan’s Foreign Direct Investment (FDI) during the first half of current fiscal year (2018-19), fell by 77.2pc to $899.5 million as compared to $3,950 million in the same period last year (2017-18), according to the data released by State Bank of Pakistan on Wednesday.

On a year-to-year basis, the FDI also plunged to $230 million in December 2018, against FDI of $2,740 million in the same month of the preceding year.

According to details, the net FDI from the United States fell from $407.5 million in July-December 2017-18 to negative $196.2 million in the same period of the current fiscal year.

Similarly, the net FDI from China also fell from $1,107.4 million in the corresponding period of 2017-18 to $754.2 million in the same period of the current fiscal.

The net FDI from the Netherlands increased from $46.9 million to $53.5 million whereas, from the United Arab Emirates, it increased to $45.7 million from $5.8 million.

Likewise, the investment from Turkey also rose to $33.1 million in July-December 2018-19 from $8.8 million in the same period of the previous year.

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