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.
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.
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.
|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
|Hong Kong||$32.7 million|
|South Korea||$15 million|
|United Kingdom||$10.2 million|
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