Foreign direct investment (FDI) is showing a significant improvement during first 2 months of current fiscal year. During July August FDI in Pakistan rose by 55 percent, with the total volume going up to $ 457.2 million.
State Bank of Pakistan (SBP) issued the FDI data for the month of July and August 2017. The data shows a significant increase in FDI. However, it also showed that on the other hand, portfolio investment (FPI) in the stock market has declined.
FDI during July August has gone up to $ 457.2 million as compared to the last fiscal year when the FDI was at $ 179.4 million during the same period. This shows the net change of $ 277.8 million and 154.9 percent in FDI this year.
During the period FDI inflows were at $505.9 million and outflows at $ 48.8 million.
Stock Market Takes A Beating
Foreign investment in the stock market showed lackluster performance during this time. Instead of making new investments, net foreign portfolio investment (FPI) showed a net outflow of $ 105.7 million as compared to the same period last year when FPI stood at a positive $ 40 million. These figures show a net decrease of $ 146.6 million and 358 percent.
China, USA and Malaysia were among the prominent countries that invested in Pakistan. During July-August, China invested $ 258 million , with USA investing $ 202 million and Malaysia $110 million.
