Abb Takk News

$1.1bn Foreign Investment Reported In July To October

KARACHI: The Foreign Direct Investment (FDI) in Pakistan stood at US $650 million in first four months of current fiscal year July-Oct (2019-20) compared to the investment of $191.9 million recorded during same period, a year ago, showing a growth of 238.7%.

On year-on-year basis, the FDI also increased to $108 million in October 2019 against negative $367.5 million recorded during the same month of previous year, according to the data released by State Bank of Pakistan (SBP) on Monday.

The country-wise data shows that net foreign investment from China posted a growth as it rose to $122 million during the period under review compared to the investment worth of negative $149.8 million recorded during same period of last year.