Pakistan’s FDI hit a two-and-a-half-year high at $487 million in December 2019

Reforms and Policies introduced by the government have finally started to pay off.

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  • Pakistan’s FDI increased by 52% to $487 million in December as compared to $319.5 million during the same time last year.
  • During the first six months of FY20, foreign investment increased by 68% to $1.34 billion.
  • Pakistan’s foreign currency reserves increased by 58% to $11.58 billion since June 2019.

December

Reforms and Policies introduced by the government have finally started to pay off. In December 2019, Pakistan’s Foreign Direct Investment (FDI) hit a thirty-month high at $487 million.

While talking to the Express Tribune, the Head Research of Arif Habib Limited, Samiullah Tariq, said, “FDI has remained consecutively (on a month-on-month basis) high. This shows the return of foreign investors’ confidence in the domestic economy.”

Tariq further said, the long-term foreign investors have steadily gained confidence in the local economy “partly due to certainty about the currency,”

T-bills and PIBs

The recovery in long-term investment is observed after short-term foreign portfolio investors transferred a substantial amount of  $1.67 billion into T-bills and Pakistan Investment Bonds (PIBs) during the first seven months of the current fiscal year.

FDI Statistics

Foreign Direct Investment (FDI) in December Increase in Investment
 Fiscal Year 2019-20 $487 million
 Fiscal Year 2018-19 $319.5 million

 

First six months Increase in Investment
 Fiscal Year 2019-20 $1.34 billion
 Fiscal Year 2018-19 $796.8 million

 

Country-Wise FDI in July-December

Country July-December FY19 July-December FY20
China $217.1 million $422.5 million
Norway $9.1 million $288.5 million
Malta $70 million $111.1 million
United Kingdom $112 million $68.3 million
Hong Kong $58.9 million $57.1 million

 

Country-Wise FDI in December

Country Investment
China $328.3 million
Hong Kong $32.7 million
Japan $29.1 million
Malta $18.5 million
South Korea $15 million
Netherlands $14 million
United Kingdom $10.2 million

Also See:

PM Khan Appreciates His Team’s Economic Performance As FDI And Exports Increase Exponentially

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