SBP release Foreign Investment statistics; FDI up 163% against July, 2016

Foreign investment in the first month of the new fiscal year recorded appreciable growth of 58 percent and comfortably crossed the 200 million dollars, said data of the State Bank of Pakistan.

The central bank released the data for the first month of the new fiscal year where foreign direct investment climbed by 163 percent to 222.6 million dollars compared with 87 million dollars of the same month corresponding year.

Investment from the United States topped the chart with inflows reaching to 110 million dollars, while second country which recorded investment was Malaysia pouring 91 million dollars while Chinese companies invested around 69 million dollars, the data said.

Foreign investment in the last fiscal year totaled at 2.1 billion dollars as compared with 1.976 billion dollars during 2015-16.