Foreign Direct Investment increases by 78.1% during the first five months of FY20
FDI in Pakistan has increased to $859 million in 2019 as compared to $477.3% in 2018.
Overall, the foreign investment Pakistan surged by 1,267pc to $2.006 billion during July-November.
During the first five months of FY20, investment from the US increased from a negative $95.2 million to $34.9 million.
Similarly, foreign investment from Norway jumped from a negative $74.2 million to $334 million.
The role of investment, in particular, foreign direct investment (FDI), is regarded as one of the most important contributors to economic growth. This is because countries, especially developing countries, see FDI as an important element in their overall strategy for economic development.
During the first five months of the current fiscal year, foreign direct investment (FDI) in Pakistan has increased by 78.1% to $859 million as compared to the investment of $477.3% in the parallel time last year.
According to the data released by SBP, FDI decreased to $200.1 million in November 2019. However, during the same time last year, the foreign direct investment was $285.4 million.
Overall, the foreign investment Pakistan surged by 1,267pc to $2.006 billion in July-November FY20. However, the investment in 2018 was $146.7 million.
Countries with Increased Investment:
During the first five months of FY20, investment from the US increased from a negative $95.2 million to $34.9 million. Similarly, foreign investment from Norway jumped from a negative $74.2 million to $334 million.
FDI from the UK surged from $67.7 million to $100.8 million. In the end, net foreign investment from China rose from it rose from $90 million to $141 million.
Countries with Decreased Investment:
On the other hand, FDI from the UAE decreased from $42 million to $9.9 million; investment from Turkey declined from $23 million to $20 million.
Investment from Saudi Arabia decreased from $7.2 million to $4.4 million whereas; FDI from Hong Kong decreased from $44.3 million to $32 million.
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