ISLAMABAD: Pakistan’s Foreign Direct Investment (FDI) during first half ofcurrent fiscal year, fell by 77.2 percent to US $899.5 million as comparedto same period of last year.
The net FDI during same period of the yer 2017-18 was recorded at US $3,950million, according to data released by State Bank of Pakistan (PBS) onWednesday.
On year to year basis, the FDI also plunged to $230 million in December2018 against FDI of $2,740 million in same month of the preceding year.
According to details, the net FDI from United States fell from $407.5million in July-December (2017-18) to negative $196.2 million during sameperiod of current fiscal year.
Similarly from China, the net FDI also fell from $1,107.4 million in thecorresponding period of 2017-18 to $754.2 million in the same period ofcurrent year.
Read Top Stories
The net FDI from Netherlands increased from $46.9 million to $53.5 millionwhereas from United Arab Emirates, it increased to $45.7 million from $5.8million.
Likewise, the investment from Turkey also rose to $33.1 million inJuly-December (2018-19) from $8.8 million in same period of previous year.
