ISLAMABAD, Pakistan: Pakistan’s foreign direct investments are expected to touch $1.3 billion or more by the end of this year due to encouraging first six months figures as compared to the last year in the same period.
This was disclosed by a spokesman of Board of Investment (BOI) here on Saturday.
According to FDI statistics for the first six months of the fiscal year (July – Dec 2015), the total FDI inflows touched $ 1087.2 millions whereas the net FDIs stood at $ 624.1 millions as compared to $ 610.4 million last year in the same period reflecting an increase of 2.2%.
The encouraging news is that the outflows of FDIs have shown a marked decrease falling from $ 1171.1 millions to $ 463 million in the same period.
Keeping in view the upward trajectory this year, total foreign direct investments are expected to touch $ 1.3 billion this fiscal year as compared to $ 851 million in the last fiscal year 2014-15.
Energy Sector attracted the major chunk of FDIs amounting to $ 365 million in which coal sector bagged $ 230 million, while thermal sector got $ 93.4 million and hydel power $ 41.3 million of investments.
The other major sectors remained oil and gas explorations $ 157 million, communications $127.2 million and financial services $74.7 million.
The major contributing countries remained China $428.2 million, United Arab Emirates (UAE) $112.6 million, United States $96.5 million and Hong Kong $74.1 million.
Source: APP
