Foreign investment surges 137pc in 1Q FY20

Total foreign investment into the country jumped by 137pc, or $512 million, in the first three months of the financial year 2019-20, the State Bank of Pakistan (SBP) reported on Thursday.

The total investment during the July-September 2019 period clocked in at $886 million as compared to $374 million during the same period in 2018.

In a breakup of the total investment, the central bank posted a 51pc increase in foreign private investment during the period under review. The investment under this head increased to $564 million during the three-month period in contrast with $374 million during the same quarter last year.

Foreign direct investment (FDI), however, decreased by 3pc during the period under review to $542 million as compared to $559 million during the same months last year.

On a month-on-month basis, total foreign investment rose to $622 million during September 2019 as compared to $126 million during the same month in 2018. The FDI also increased to $385 million during September as opposed to $182 million during September 2018.

1 COMMENT

Comments are closed.

Must Read

Malik Riaz’s son allegedly transferred 245 kanals of land in Bani...

Former prime minister Imran Khan was first arrested in reference to the Al Qadir Trust Case, which has now unraveled and overrun a number of the former PM’s close associates.Â