Foreign investment in Pakistan doubles in 11 months

KARACHI (Dunya News) – Foreign investment in the country during 11 months of the current fiscal year was now more than doubled where nearly 900 million dollars arrived from China.

According to the figures released by the State Bank of Pakistan, the foreign investment in the country during July to May accelerated to 2.643 billion dollars up from 1.254 billion dollars of the same period corresponding year. The foreign direct investment increased to 2.026 billion dollars in 11 months of the current fiscal year from 1.654 billion dollars of the same period corresponding year.

The foreign selling and pull out from the local stock market made heavy dents in the foreign investment portfolio, said an analyst. Foreign outflow from the Pakistan Stock Exchange amounted to 411 million dollars as compared to 380 million dollars of the same period of 2015-16.

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