FDI Reaches US$1.080 Bln In 1st Half

Fahad Shabbir (@FahadShabbir) Published January 17, 2017 | 04:05 PM

ISLAMABAD, (UrduPoint / Pakistan Point News - 17th Jan, 2017 ) : Foreign Direct Investment (FDI) during the first half of the current fiscal year increased by 10.4 percent compared to the corresponding period of last year.

The FDI during July-December (2016-17) was recorded at US$1.080 million compared to the investment of US$978.5 million during July-December (2017-18), according to the latest data of State Bank of Pakistan (SBP).

In absolute terms there has been an increase of US$102 million in FDI during the first six months of the current fiscal year, the SBP report revealed. Meanwhile, the Foreign Private Investment (FPI) inflows into the county witnessed increase of 11.4 percent during the first half of the current fiscal year.

The FPI into the country during the six months were recorded at US$826.

3 million compared to US$741.6 million during same period of last year, showing an increase of US$84.7, according to the report.

The portfolio investment into the country also increased by 7.4 percent by going up from US$236.9 million last year to US$254.4 million during the current year. The FPI also surged by 119.5 percent and reached to US$998.1 million against the investment of $454.7 million during the first half of last financial year.

This investment was recorded in debt securities. The country's total foreign investment (including FDI, portfolio investment and foreign public investment) reached $1.824 billion in July-Dec of FY17 against $1.196 billion in the corresponding period of last fiscal year, according to the data.