Net FDI reduced by 50.7% during first 10 months of FY 2018-19

BusinessNet FDI reduced by 50.7% during first 10 months of FY 2018-19

ISLAMABAD, Pakistan: The net Foreign Direct Investment (FDI) reduced by 50.7 percent during the first 10 months of the fiscal year 2018-19 (July-April) over the corresponding period last year, as per the data released by the State Bank of Pakistan (SBP).

However, the net FDI during this period was 20 percent more than the first 10 months of the previous regime, the Minister Incharge of the Prime Minister’s Office told the Senate in a written reply to a question by Jamaat-e-Islami’s (JI) Senator Mushtaq Ahmed.

   

The investment data for the last five years is given in the table below:

The minister told that the net FDI increased by 133.4 percent in 2015-16 with start of early harvest projects under the China Pakistan Economic Corridor (CPEC) and this trend continued till 2017-18. In 2018-19 almost all projects having FDI component (Energy Projects) are now completed, resulting in a declining trend in FDI which was quite expected.

It is expected to go up again as the next phase of industrial cooperation progresses and the Special Economic Zones (SEZs) become operational.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Interbank Dollar Rate Today in Pakistan – 22 March 2024

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for March 22,...

Pakistan-UAE CEPA to further enhance bilateral trade & investment cooperation: Ishaq Dar

0
BRUSSELS, Belgium: The Foreign Minister Mohammad Ishaq Dar met with the UAE Minister of Energy and Infrastructure Almazrouel Suhail on the margins of the...

FM Ishaq Dar meets Chinese Vice Premier in Brussels

0
BRUSSELS, Belgium: The Foreign Minister Mohammad Ishaq Dar held a meeting with the Chinese Vice Premier Zhang Guoqing in Brussels on the sidelines of...

Ambassador Faisal Tirmizi attends Iftar reception hosted by Ruler of Ras Al Khaimah

0
RAS AL KHAIMAH, UAE: Pakistan’s Ambassador to the United Arab Emirates (UAE) Faisal Niaz Tirmizi attended an Iftar reception hosted by the Ruler of...

Pakistan’s foreign reserves stand at $13.4 billion

0
Total reserves: $13.4 billion, up by $239.4 million SBP reserves: $8.0 billion, up $105 million Commercial Banks reserves: $5.4 billion, up by $134.4...
Advertisement