KARACHI: Foreign Direct Investment (FDI) has increased by 57 percent during the first five months of current fiscal year due to heavy inflows from China.
The FDI increased to $1,146 billion during July – November 2017 as compared with $729.4 million in the corresponding months of the last year, according to data released by State Bank of Pakistan (SBP) on Friday.
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The FDI from China registered phenomenal growth of 285 percent growth to $837.4 million in first five months of current fiscal year as compared with $217.3 million in the same period of the last fiscal year.
The ongoing projects under China – Pakistan Economic Corridor (CPEC) enhanced the FDI in sectors including power and construction.
The inflows of FDI in power sector registered growth of 151 percent to $539 million during July – November 2017 as against $214.5 million in the same period of the last year.
Similarly the FDI flows in construction sector rose by around six times to $271.3 million during the first five months of the current fiscal year as compared with $38.9 million in the corresponding period of the last fiscal year.
