SBP: Foreign Investment increases by 9.1 percent in the outgoing fiscal year

According to the figures released by the Central Bank, Pakistan witnessed an increase of 9.1 percent in Total Foreign Investment. Pakistan received a total of USD 2.15 billion for the fiscal year 2017 (Jun-July) which is 180.5 million more than the previous year's tally.

The largest contribution to the numbers came from China amounting to USD1.185 billion during the outgoing fiscal year. Following China was Netherlands which made a purchase of Engro Foods last year with the total buy value amounting to USD 463 million.

Turkey also invested in Dawlance which helped raise the investment numbers by USD135 million.

Pakistan's major chunk of investment came in from the Foreign Public Investment which saw a rise of 3242.3 percent. All of which came in the Portfolio Investments (Debt Securities) totaling at USD 277.2 million.

Direct Investment rose by 4.6 percent in the outgoing fiscal year, raising the investment by USD 105.6 million.

However, situation in the Foreign Private Investment was relatively bleak. Year on year, FPI witnessed a 5.3percent decline falling by USD 105.5 million.

Portfolio investment also saw a decline in the outgoing fiscal year, investments in portfolio (equity securities) declined by 66percent.

The SBP official release can be accessed here.