Pakistan's FDI continues to slide in 1QFY19-20

Pakistan's FDI continues to slide in 1QFY19-20
18 October 2019

Pakistan has received net foreign direct investment (FDI) of US$542.1m in the July-September 2019 period, compared to US$559.4m, received in same months last year. This represents a fall of three per cent YoY, mainly due to lower inflow from China during this period.
The drop trend in FDI also impacted investment in the construction and cement sectors in the country, according to a report of the State Bank of Pakistan.
The breakdown shows cement attracted investment of US$12.2m and construction sector US$5.2m in 1QFY19-20, compared to US$12.1m and US$180.3m in same quarter in a year ago period. It shows a fall of 91 per cent. Meanwhile, the Pakistani government is doubling their efforts to attract adequate FDI in the remaining months of the financial year.

Published under Cement News

Tagged Under: Pakistan FDI