Total Foreign Investment during Oct '17 declines by 72% against Oct '16

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MG News | November 15, 2017 at 05:22 PM GMT+05:00

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According to latest SBP data, Total Foreign Investment during October declines by 72%, falling from 1098.9 million dollars in October 2016 to 302.7 million dollars in October, 2017.

However, Foreign Direct Investment during July to October FY ’17 rises by 74 percent.

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FDI in the first 4 months of Fiscal year 2017 amounts to $940 million.

Due to political tensions and weakening fundamentals, foreign outflow from Stock Market during July to October has crossed the $100 million mark.

In addition to that, overall Foreign Investment in the country plunged by 49 percent. Foreign Investment during July to October period totaled at $837 million.

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