KARACHI: The State Bank of Pakistan’s (SBP) data showed that Foreign directinvestment (FDI) in Pakistan has increased by 40% to $226.7 million in thefirst two months of the ongoing fiscal year of 2020/21 with analystsbelieving that overseas investors were betting on an economic recovery fromthe five-months of the downturn.
The central bank’s data showed that the FDI increased by $162 million inthe same period of the last fiscal year. As per the data, the majority ofnew investments were seen in financial businesses, electrical machinery andoil and gas exploration sectors.
In August, the FDI totalled $112.3 million, depicting 24% growth from thecorresponding month of FY2020.
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Analysts told *The News* that the persistent upward trend in the FDI was anindication of overseas investors being optimistic about the economicrecovery in Pakistan.
