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.
Copyright Mettis Link News