Pakistan FDI on the Rise

21 Apr

Pakistan Economy News

http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Business/19-Mar-2009/Foreign-investment-down-342pc-FDI-up

Foreign investment down 34.2pc; FDI up

By: Erum Zaidi | Published: March 19, 2009

KARACHI – Despite global economic recession and domestic political instability, the pace of Foreign Direct Investment (FDI) in the country amounted to 2.794 billion dollars during July-February FY09.

Pakistan had received a total of 2.794 billion dollars worth foreign direct investment during the eight months of current financial year from the inflow of 2.789 billion dollars in the corresponding months of the last fiscal; showing a meagre growth of 0.2 percent, The Nation learnt on Wednesday.

However, the net inflow of foreign investment stood at $1.892 billion during July-February 2008-09 against $2.873b , depicting a major decline of 34.2pc in growth during the period under review.

Similarly, portfolio investment at local bourses posted a massively negative growth of -1,170.3pc as recorded at $-902.3b during Jul-Feb FY09 against $84.3m in the said period of last financial year.

According to the latest break up of foreign investment, the total foreign private investment inflow with privatisation proceeds declined to $2.427 billion during respective eight months of July-February 2008-09 or -16.4 percent against $2.902 billion in the same course of FY08 while the sum up of foreign private investment with out privatisation amounted to $2.427 billion, showing a downward growth of 12.4 percent in July-February FY09 versus $2.769 billion during the same period of the previous year.

The total foreign private investment received from developed countries stood at $1.070 billion during July-February 2008-09 against $262.5 billion in the similar eight months of last year.

FDI from developed regions dropped to $1.393 billion during July-February FY09 against $1.694 billion during the same period of FY08 where as port folio investment from said regions reported to -323.6b dollars or -206.4pc during the period under review from 304.2 billion dollars during the last corresponding months of FY08.

From Western Europe the total FDI amounted to $578.4 million or 10.1 percent during the said period against $525.2 million in the July-February 2008-09 while portfolio investment recorded at $-75.6 million during July-February FY09 against $-111.8 million in the same period of last fiscal.

From USA Pakistan received 618.3 million dollars worth FDI or -38.8 percent during July-February FY09 from 1009.5 million dollars of last fiscal.

In foreign public investment equity securities of which GDRs of OGDC and debt securities, total investment sharply fell to -535.3 million dollars respectively during July-February FY09.

Advertisements
%d bloggers like this: