State Bank data shows Foreign Investment up by 85 percent
While investment rose from $2.3 billion during July-Feb FY17 to $4.3 billion in July-Feb FY18, the increase is largely due to government borrowing.
March 16, 2018
KARACHI: Foreign investment in Pakistan rose 84.5 percent with a dollar amount increase of 1.968 billion more inflows, according to the State Bank of Pakistan
The central bank’s data showed on Friday that the foreign investment increased from $2.3305 billion during July-Feb FY17 to $4.2993 in July-Feb FY18.
Data shows that the increase is due to government borrowing of $2.4514 billion through issue of bonds, notes and dollar bearer certificates, compared to $1.0035 billion during the same period in the previous fiscal.
The central bank data shows that while portfolio investment witnessed a net outflow of $93.5 million from equity securities, the number has decreased from $351.9 million in the same period a year earlier.
