Pakistan attracts lesser FDI in FY19

Pakistan received a net foreign direct investment (FDI) of US$1.737bn in last financial year, FY18-19 compared to US$3.471bn in July-June 2017-18. This translates a fall of 50 per cent foreign direct investment in the country industrial sector, including construction and cements industry, says a report of State Bank of Pakistan (SBP).

A breakdown of SBP data shows that the net total FDI in the cement and construction sectors decreased 38.9 per cent YoY in the 12-month period.

Out of the country's total, Pakistan's construction and cement industry reported US$469.6m of FDI, compared to US$768m in the year-ago period.

The construction industry received net FDI of US$421m and cement US$48.6m, compared to US$708.9m and US$59.1m respectively during this period.