Foreign direct investment increases by 74.4pc in four months

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KARACHI: The foreign direct investment (FDI) into Pakistan has increased by 74.4 percent to $940 million during first four months (July – October) of current fiscal year as compared with $538.7 million in the same period of the last fiscal year, State Bank of Pakistan (SBP) said on Wednesday.
Inflows under FDI posted 50.1 percent to $1.065 billion during the period under review as compared with $710 million in the same period of the last year. Similarly, outflows were recorded at $125.7 million during the first four months of current fiscal year as compared with $171.3 million in the same period of the last year.
The share of FDI from China increased by a mammoth 225 percent YoY to $632 million during the period, contributing by 67 percent to the total FDI in first four months of fiscal year 2017/2018 against 36 percent same period last year.
Sector-wise, majority of FDI was focused towards Power, out of which major chuck was directed towards coal-based power projects. Construction sector witnessed a massive 463 percent YoY higher investments, rising to $177 million during the period.

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