Tuesday, April 7, 2020

FDI declines by 19% in 1HCFY

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Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]
State Bank of Pakistan (SBP) released the report of Foreign Direct Investment (FDI) on Wednesday, shows a decline by 19.2% during first half of the current fiscal year (1HCFY).

The report of SBP stated that the net Foreign Direct Investment was recorded at 1.32 billion USD during 1HCFY as equated with 1.63 billion USD  in the same period of the last financial year.

The portfolio investment in the equity market registered decline of 217 percent during the period under review.

The outflow of portfolio investment during July – December 2018 was $419.8 million as against outflows of $132.4 million.

The overall foreign private investment registered dip of 40% to $899.4 million during the first half of  CFY19 as equated with $1.5 billion in the corresponding period of the 1HFY18.

Zain Zubair
Zain Zubair
Zain Zubair is a staff writer for World News Observer. He is studying ACCA in Pakistan. Besides Accountancy and writing pieces, he loves cooking and nature photography. Zain has attended various modern journalism workshops. Contact: [email protected]

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