ISLAMABAD, Jan 16 (APP):Pakistan’s Foreign Direct Investment (FDI) during first half of current fiscal year, fell by 77.2 percent
to US $899.5 million as compared to same period of last year.
The net FDI during same period of the yer 2017-18 was recorded at US $3,950 million, according to data released by State Bank of Pakistan (PBS) on Wednesday. On year to year basis, the FDI also plunged to $230 million in December 2018 against FDI of $2,740 million in same month of the preceding year.
According to details, the net FDI from United States fell from $407.5 million in July-December (2017-18) to negative $196.2 million during same period of current fiscal year.
Similarly from China, the net FDI also fell from $1,107.4 million in the corresponding period of 2017-18 to $754.2 million in the same period of current year.
The net FDI from Netherlands increased from $46.9 million to $53.5 million whereas from United Arab Emirates, it increased to $45.7 million from $5.8 million.
Likewise, the investment from Turkey also rose to $33.1 million in July-December (2018-19) from $8.8 million in same period of previous year.
