KARACHI: The Foreign Direct Investment (FDI) has sharply declined by 40 percent to $288.2 million during first two months of current fiscal year as compared with $480.6 million in the corresponding period of the last fiscal year, according to data released by State Bank of Pakistan (SBP) on Friday.
The inflows under FDI has plunged by 30 percent to $407.8 million as compared with $581 million during the two periods under review. Similarly, the outflows increased by 19.3 percent to $119.6 million as compared with $100.3 million.
The total foreign private investment declined by 57.7 percent to $158.7 million as compared with $374.9 million.
The portfolio investment into the equity market also declined by 22.6 percent with the outflows of $129.6 million during July – August 2018 as compared with outflow of $105.7 million in the same months of the last year.