February 18, 2019 (MLN): Total foreign investment in Pakistan during the month of January 2019 has totaled at $143 million, divulged an official data release documented and issued by the State Bank of Pakistan (SBP), today.
All of this investment was made in the private sector, as per the records. The total foreign investment has fallen by $87 million over the month and by $44.4 million over the year.
A major chunk of this month’s investment was recorded as direct investment of $132.2 million, while last month’s Foreign Direct Investment (FDI) stood at $319.2 million, marking a deterioration of 58.5% over the month.
On the other hand, last year’s FDI was $128.9 million, which means there is a 2.5% improvement, on a year on year basis.
The cumulative foreign investment during the first seven months of current fiscal year is a little over $1 billion, down by 38% from the investment in corresponding period last year ($1.69 billion).
Meanwhile, total FDI in the last seven months stands at $1.45 billion, 17.6% down as compared to last year when it stood at $1.76 billion.
During the month of January, the inflow of FDI was $202 million while outflow was recorded to be $70 million.
