KARACHI: Foreign direct investment (FDI) into Pakistan has increased by 4.8 percent during the eight months of the current fiscal year 2015-16.
According to the figures released by the State Bank of Pakistan (SBP), the country received $750.9 million in FDI in July-February FY16 period as compared to $716.2 million in the corresponding period of last fiscal year.
China remained the biggest investor having investment of $447.8 million in July-February FY16 as against $200 million a year ago. The SBP data revealed that capital investment into Pakistan, with the power sector investments accounted for $362.2 million – a first of the total in eight months of this fiscal year. Oil and gas exploration was the second key sector, attracting $214.4 million in investment; followed by beverages with $57.8 million.
The multinational companies poured $240.3 million in the coal-fired power projects of the country. During the period under review, the country received foreign inflows amounting to $1.3 billion and outflows of $583 million. FDI inflows rose to $103 million in February as compared to $89.1 million in February 2014.
