KARACHI: Foreign direct investment (FDI) into the country has surged by 7.5 per cent in July-August of financial year 2015-16.
According to the data issued by the State Bank of Pakistan (SBP), Pakistan received $119.3 million in FDI during the first two months of ongoing FY16 as compared to $110.9 million in the corresponding period of the last fiscal year.
The SBP data revealed that capital investment into Pakistan, with the power sector investments accounts for $111.1 million – a first of the total in two months of this fiscal year. Transport was the second key sector, attracting $20 million in investment; followed by oil and gas exploration with $19.3 million.
The multinational companies poured $92.7 million in the coal-fired power projects of the country. During the period under review, the country received foreign inflows amounting to $318 million and outflows of $198.7 million.
Contrary to the July-August, the numbers for August 2015 remained dismal where FDI declined to $44.3 million as compared to $78.8 million in August 2014.
Early indications point to FY16 would be the positive year for the FDI on account of improvement in internal security and continued macroeconomic stability.
