FDI plunges by 51% during 9MFY19

MG News | April 18, 2019 at 03:45 PM GMT+05:00

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April 18, 2019 (MLN): According to the latest data released by State Bank of Pakistan, Foreign Direct investment (FDI) plunged by 51.4% to $1.273 billion during July to March FY19 period.

Outflow from capital market stood at $410 million during July to March period.

Compared to last year however, the total FDI in the month of March FY19 has observed a decline of nearly 13% as direct investments in March 2018 stood at $204 million.

FDI, one of the two main components of foreign private investments, makes up the bulk of total investment in Pakistan.

The inflow of FDI in March FY19 was $244million whereas outflow was recorded at $56.4 million.

The total foreign private investment during the first nine months of current fiscal year stood at $864.2 million, down by 326% from the investment in corresponding period last year ($2.5 billion).

On the other hand, the Foreign Public Investment logged in at $4million, which brings the total foreign investment in Pakistan for the month at $180.5 million, down by 11% compared to same period last year.

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