The foreign direct investment (FDI) in Pakistan has drastically declined by 49.2 percent during the first 11 months of current fiscal year (FY19). The State Bank of Pakistan (SBP) reported on Tuesday that FDI in Pakistan declined to $1.606 billion in the period from July 2018 to May 2019 as compared to inflows of $3.161 billion in the same period in FY18.
The SBP figures show that FDI in May 2019 fell to $230 million against $312 million in 2018.
The FDI from China declined to $495.7 million during the first 11 months of FY19 against $1.828 billion received from this country in the same period in FY18.
The FDI from United Kingdom declined to $171 million during the current fiscal year against $282 million in the same period FY18 and from United States fell to $84 million as compared to $147 million.
The FDI inflows from Hong Kong declined to $130.8 million in this period against $182.9 million came in the country in the same period of FY18.
However, FDI from Norway increased to $110 million in this period as compared to an outflow of $17.8 million in the same period of last fiscal year. The FDI from Japan also increased $104.8 million in this period against $55 million in the same period of last fiscal year. The FDI from UAE stood at $91 million during the 11 months of current fiscal year while there was an outflow of 1.1 million during the same period of FY18.
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