KARACHI: The foreign direct investment (FDI) into the country has fallen to $7 million in May as compared to $612m in the same month last year.
According to the State Bank of Pakistan (SBP), the foreign private investments (FPI) were recorded just $35m in the corresponding month against $671m a year ago.
The month proved to be hard, as both the FDI and FPI fell sharply to negative or negligible. The government, for the last two years, has been expressing hopes of huge foreign investment in the country, particularly from China. However, the data indicates that so far it has failed to mobilise foreign investors.
The details revealed that the FDI during July-May 2014-15 fell to $803m, almost half of $1,509m in the same period last year. The FPI also slipped to $1,685m compared to $1,721m in the same period last year. The only improvement was noticed in the portfolio investment which surged to $881m compared to $212m during July-May 2013-14.
