Pakistan's cement and construction FDI continue to slide 

Pakistan's cement and construction FDI continue to slide 
23 April 2019

The State Bank of Pakistan (SBP) has reported a contraction of investment for local industries including cement during 9MFY19. According to central bank, total foreign direct investment (FDI) into country during first nine months of ongoing financial year, July 2018-March 2019, fell by 51.4 per cent.

The SBP data shows that the country received investment worth US$1.27m during the first nine months of current fiscal year, down more than 50 per cent from US$2.62m in the same period last year.
FDI in cement and construction sectors have also contracted. Out of the country's total FDI, Pakistan's construction industry received FDI of US$394.8m during the nine months of FY18-19, compared to US$571.6m received in corresponding months of the previous fiscal year. This translates a YoY fall of 30.9 per cent.

The breakdown shows that the cement industry attracted FDI of US$36.4m compared to US$44.3m during year ago period. Similarly, during this period, construction sector data also slipped to US$358.4m from US$527.3m YoY.

Published under Cement News

Tagged Under: Pakistan FDI