FDI increases by 66 percent in July-Jan 2020
Statesman Report
KARACHI: Foreign Direct Investment (FDI) increased 66% to $1.56 billion in July-Jan 2020.
According to the State Bank, foreign investment saw a record increase of 66 percent in July-January 2020, which amounts to $1.56 billion.
In past seven months, the total foreign investment stood at $ 3.42 billion, while foreign investment saw an increase of $ 2.89 billion. Investment in government bonds was $ 1.8 billion, while Pakistan stock market saw FDI of $ 22.5 million.
Meanwhile, Advisor Finance Dr Abdul Hafeez Shaikh wrote on twitter “Foreign Direct Investment rises 66% to $1.56 billion in July-Jan 2020 compared to the same period last year. In January 20, net FDI was $223 million, 52% higher than January 19.”
On the other hand, Pakistan’s external debt rose by $4 billion in the second quarter of the current fiscal year FY2019-20, and increased to $111 billion by the end of December 2019 from $107 billion by end-September 2019, according to the data released by the State Bank of Pakistan (SBP). In six months of FY20, the external debt increased by $4.699 billion.
Since formation of the PTI government, the debt has been increased by $14.966 billion as the end-Sept 2018, the external debt stood at $96.111 billion.
On the other hand, the domestic debt in six months of FY20 rose by Rs1,017 billion (3 percent), and reached Rs33,717 billion by end-Dec 2019. By end-Sept 2019, the domestic debt amounted to Rs34,240 billion.