Foreign investment soars by 46pc in eight months of FY 2016-17

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KARACHI – Foreign investment has soared by 46pc during first eight months of ongoing fiscal year when compared with same period of the previous fiscal year.

According to stats released by State Bank of Pakistan (SBP), foreign investment has gone up by $610 million to $1.93 billion in first eight months of FY 2016-17.

Foreign direct investment (FDI) has also increased by 6pc to $1.28 billion in first eight months. However, foreign investors seemed reluctant in investing Pakistan’s equity market and had sold shares worth $350 million dollars.

Financial analysts say international companies working in Pakistan are anticipating further improvement in country’s economy in coming days. Analysts believe if government slashes cost of production and eases process of investment, then, Pakistan would become more attractive destination for FDI.

Industrialists say continuous improvement in security situation and China-Pakistan Economic Corridor have restored confidence of investors.

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