The net Foreign Direct Investment (FDI) showed an impressive growth of 105 percent in the ten months of current financial year 2016-17.
According to statistics released by State Bank of Pakistan (SBP), the net FDI including foreign private/public investment stood at $2.32 billion during July to April of FY17 as compared to previous financial year in which it stood at $1.131 billion, showing a staggering growth of 105 percent.
The Foreign Direct Investment (FDI) in real sector showed a growth of 16.7 percent from last year standing at $1.34 billion during the period of July to April. FDI stood at $1.15 billion in the similar period of last year.
On the other hand, the Foreign Public Investment witnessed an outstanding growth to stand at $977 million through investment in Equity Securities and Debt Securities. Last year, investment under the same head posted an outflow of $19.3 million.
China is the leading country investing in Pakistan with inflows increasing to $754 million by the end of April. It is followed by Netherlands as top investor in the current financial year with $456 million FDI, according to data released by State Bank of Pakistan (SBP).
France, Turkey and USA were among leading investors with inflows standing at $170 million, $133 million and $123 million.
There are countries which recorded outflow of investment during ten months including Luxemburg with $292 million, UK with $125 million and Norway with $92 million.
Food is the leading sector which witnessed inflows of $475 million during the ten months of financial year 2016-17. It was followed by Power Sector with $422 million, Construction with $356 million, Electronics with $153 million and Oil and Gas Exploration Sector with $117 million.
Get the latest news, tech updates, telecom insights, and business stories wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.