FDI up 2.4 percent, touches $2.237 billion for ten months of FY 2017-18

Islamabad – Data released from the State Bank of Pakistan on Tuesday revealed the foreign direct investment in Pakistan had recorded a 2.4 percent increase in 10 months of the ongoing financial year 2017-18, touching $2.237 billion.

The rise comes in the wake of energy and construction projects, but FDI flows declined to $143.7 million in April from $179.7 million in the same period last year (SPLY).

However, experts believe direct investment would remain hugely impacted by energy and infrastructure projects linked to China-Pakistan Economic Corridor (CPEC). The government sees net FDI to touch $3.7 billion by end of the financial year 2017-18.

And FDI was recorded at $2.746 billion during FY18 as opposed to $2.305 billion last year. Data from the SBP disclosed China was the predominant force for direct investment in the country with inflows of $1.414 billion in FDI from Chinese firms during first 10 months of FY 2017-18 compared to $934.8 billion in SPLY.

Power sector inflows increased to $749.9 million for the first 10 months of FY 2017-18 from $514.5 in the corresponding period last year. Construction sector related FDI inflows were recorded at $621.7 million for July-April of FY 2017-18 compared to $262.4 million in the same period of the last financial year 2016-17.

Financial, oil and gas direct investments remain subdued for the period under review and foreign companies invested $271.5 million in the country’s banking sector against $252.9 million a year ago. Exploration and production FDI was recorded at $164 million in July-April FY 2017-18 against $107.8 million for July-April FY 2016-17.

Interestingly, foreign portfolio investment at the Pakistan Stock Exchanged witnessed an outflow of $110.8 million during first 10 months of the ongoing financial year against $368.3 million in SPLY. The SBP’s data revealed that total foreign investment increased 64.7 percent to $4.577 billion in 10 months of FY18.

"Monitoring Desk"

RELATED POSTS

2
Modern equipment and facilities to be provided to NHA and Motorway Police for CPEC
Conference held on the role of Maritime Sector in light of CPEC
China’s super-sized space plans may involve help from Russia
China’s Commerce Ministry: Beijing will continue trade with Tehran
China bolsters ally Pakistan with new submarine fleet in major warning to rival India
EU Parliament issues fresh document on Kashmir
World sugar exporters ask Pakistan, India & EU to cut subsidies
Senate panel urges focus on diversification
Ups and downs in exports between Pakistan & Afghanistan
India, EU may announce end of FTA talks
Study stresses more transparency in CPEC road projects
Pakistan’s current account deficit reaches an all-time high of $18.9 billion
CCP study finds discrimination against local firms in CPEC projects
All roads lead to China: Russian gas from Arctic & Siberia to flow east at full capacity
China to continue cooperation with Iran on JCPOA

FOLLOW US


About Corridor.pk

Corridor.pk is Pakistan’s leading regional connectivity media & communication/outreach platform, dedicated to profiling and promoting the business activities, news and views on the regionally connected business corridor across OBOR. 

     

Addional Information

 Ethics Policy     Advertise
 Terms & Conditions
 Contact Us