72pc drop recorded in Foreign Investment in Jul-Dec period, SBP

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72pc drop recorded
72pc drop recorded in Foreign Investment in Jul-Dec period, SBP

The State Bank of Pakistan has Monday released monthly figures of foreign investment volume noting in the month of December different Pakistani sectors received US$ 202.4 million in terms of investment.

According to its breakup, the private sector of Pakistan received US$ 130.48 million of foreign investments followed by US$ 67.7 million of investments in the public sector.

The first half of the current fiscal year (Jul to Dec) amassed US$ 504.5 million in overall foreign funds was 72 percent lower than the corresponding period last year.

The foreign direct investment (FDI), an indicator for the interest of foreign companies in local industries and/or public welfare sectors, the central bank underlined a 30 pc slump from the corresponding period last year, to US$ 950 million.

The FDI break down of private and public sectors remained US$708.3 million and US$193.8 million respectively, according to SBP statistics released today.

The exchequer watchdog furthermore shared numbers on the financing made in the stock exchange of Pakistan which over the first half of the fy2020-21 lost US$ 240 million.