Foreign investment in first quarter of FY20 increases a whopping 137pc

The total investment in the first quarter, July-September 2019, was concluded at  $886 million as compared to $374 million during the same period of 2018.

  • The total investment in the first quarter, July-September 2019, was concluded at  $886 million.
  • The total foreign investment in the country has jumped by 137pc.
  • FDI (Foreign direct investment) has decreased to $542 million as compared to $559 million during the same months last year.

 

In the first quarter of the financial year 2019-20, the total foreign investment in the country has jumped by 137pc, hitting an optimistic $512 million mark. The statistics were revealed in a report of State Bank of Pakistan (SBP) yesterday.

The total investment in the first quarter, July-September 2019, was concluded at  $886 million as compared to $374 million during the same period of 2018. Breaking down the total lump sum amount, the central bank posted a 51pc rise in foreign private investment during the period under review, i.e the first quarter of the ongoing financial year.

However, FDI (Foreign direct investment) has decreased to $542 million as compared to $559 million during the same months last year, witnessing a slight fall of 3pc during the period in the past fiscal year.

Evaluating on a month-on-month basis, total foreign investment has increased to $622 million during September 2019, comparing to the same month in the year 2018, where the figures stood at $126 million.

Also See: New Record- Investment In Government Papers Crosses Rs10 Trillion Mark

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