Country’s FDI dips by 22.6% to $1.619bn in July-Feb 2018
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Total foreign investment declines by 72.5% to $1.216bn
KARACHI: Despite all efforts of the Pakistan Tehreek-e-Insaaf (PTI) government, the foreign investment has declined 22.6 per cent in last eight months of the current fiscal year, while the total investment decreased 72.5 per cent.
The country received an amount of $1.619 billion in the head of direct investment, while $1.216 billion as total investment in last eight months of the current fiscal year.
The investment from China stood at $899 million in eight-month of the current fiscal year, data released by the SBP said here on Friday. Last year, the FDI from China were stood at $1.321 billion.
The country’s Foreign Direct Investment (FDI) dipped by 22.6 per cent or $473 million in July-Feb 2018-19 and stood at $1.619 billion, while country’s total investment stood at $1.216 billion after a decline of 72.5 per cent compared to last year.
In February 2019, the country has received $168.3 million only in the head of direct investment compared to $331.5 million in the same month last year.
The PTI government has received around $4 billion financial assistance from Saudi Arab and UAE. The overall situation of SBP’s total reserves is better at $14.5 billion, the analyst said that China has also assured for the support of Pakistan’s economy. The International Monetary Fund (IMF) is also negotiating with Pakistani government and hope it would approved $6 billion for the bailout package for Pakistan, he claimed.
