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Foreign investment down by 72.5pc during eight months of current FY

Foreign investment down by 72.5pc during eight months of current FY

ISLAMABAD: The inflows of total foreign investment into the country fell by 72.5 percent to $1.21 billion during first eight months (July – February) of current fiscal year as compared with $4.42 billion in the corresponding period of the last fiscal year.

According to summary of foreign investment in Pakistan released by State Bank of Pakistan (SBP) on Friday, the foreign private investment declined by 38.6 percent to $1.211 billion during first eight months of current fiscal year as compared wit $1.97 billion in the corresponding period of the last fiscal year.

The Foreign Direct Investment (FDI), the major component of foreign private investment, came down by 22.6 percent to $1.62 billion during July – February 2018/2019 as compared with $2.092 billion in the corresponding period of the last fiscal year.

The portfolio investment, the other component of foreign private investment, sharply declined by 243.7 percent to outflows of $408.4 million during the period under review as compared with outflow of $118.8 million in the corresponding period of the last fiscal year.

Inflows under debt securities were declined by 99.8 percent to $5.3 million as compared with $2.45 billion.