FDI increases 4.6% in first 7 months of 2015-16 on year-on-year basis

KARACHI: Foreign direct investment (FDI) increased 4.6% in the first seven months of 2015-16 on a year-on-year basis, according to statistics released by the State Bank of Pakistan (SBP) on Tuesday.

Pakistan received $647.9 million in FDI in the July-January period, which is $28.4 million higher than the FDI received in the same seven-month period of the preceding fiscal year.

FDI from China saved the day for Pakistan, as investment from the neighbouring country amounted to $409 million in Jul-Jan, which increased almost 120% from a year ago. The share of Chinese investment in the net FDI Pakistan has received in Jul-Jan stands at 63.1%, more than double from 30% a year ago.

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