The foreign investment in Pakistan increased by 137% in the first quarter of FY 2019-20

The central bank of the country reported on Thursday that the foreign investments in Pakistan had jumped by 137 per cent, or 512 million dollars, in the first quarter of the FY 2019-20.

According to the report by the State Bank of Pakistan (SBP), the total investment in the country during the July-September 2019 period clocked in at 886 million dollars as compared to 374 million dollars during the same period in 2018.

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The State Bank of Pakistan has posted a 51 per cent increase in foreign private investment during the period of a financial year under review.

The foreign investment in the country under this head increased to 564 million dollars during the period the three months of the FY 2019-20 in contrast with 374 million dollars during the same quarter last year.

On the other hand, the foreign direct investment (FDI) had decreased by 3 per cent during the period under review to 542 million dollars in contrast with 559 million dollars during the same three months of the last financial year.

If we make a comparison on a month-on-month basis, the total foreign investment rose to 622 million dollars during September 2019 as compared to 126 million dollars during the same month of the FY 2018-19.

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