Pakistan's cement and construction FDI falls

Pakistan's cement and construction FDI falls
18 March 2019


According to State Bank of Pakistan (SBP), total foreign direct investment (FDI) into country during July 2018-February 2019 fell by 22.6 per cent compared to same period last year. The SBP data shows that the country received investments worth US$1.61bn during the first eight months of current fiscal year, down 23 per cent from US$2.09bn in the same period last year.
 
FDI in cement and construction sectors have also been impacted. Out of the country's total FDI, Pakistan's construction industry received FDI of US$348m during the eight months of FY18-19, compared to US$472.4m received in corresponding months of last fiscal year. This translates a YoY fall of 26.3 per cent.
 
The breakdown shows that the cement industry attracted FDI of US$32.4m compared to US$39.4m during the eight months of FY17-18. A fall of 17.8 per cent on YoY basis.

Published under Cement News