FDI dips 42pc as Chinese investment declines

[Ryuzaki]

KARACHI: Foreign direct investment (FDI) declined by 42 per cent during the first quarter of current fiscal year compared to the same period last year falling short of even half billion mark.

Central bank’s data revealed that FDI during July-September FY19 clocked in at $439.5 million compared to $765m last year. Pakistan desperately requires foreign exchange inflows to cap the rising current account deficit.

The decline in inflows comes at a time when Pakistan’s depleting foreign exchange reserves have already fallen to alarmingly low levels at $14.6 billion including State Bank of Pakistan’s (SBP) $8.089bn providing enough only for two months of import cover.

The government has officially approached the International Monetary Fund to borrow $12bn to meet the growing foreign exchange requirements.

The outflow of portfolio investment also deteriorated the overall foreign private investment in the country which fell by 63pc in first quarter. An outflow of $185m was observed in the foreign portfolio investment (FPI) during the quarter under review compared to $78m in the corresponding quarter last fiscal year.

https://www.dawn.com/news/1439969/fdi-dips-42pc-as-chinese-investment-declines

 

[Lincoln]

KARACHI: Foreign direct investment (FDI) declined by 42 per cent during the first quarter of current fiscal year compared to the same period last year falling short of even half billion mark.

Central bank’s data revealed that FDI during July-September FY19 clocked in at $439.5 million compared to $765m last year. Pakistan desperately requires foreign exchange inflows to cap the rising current account deficit.

The decline in inflows comes at a time when Pakistan’s depleting foreign exchange reserves have already fallen to alarmingly low levels at $14.6 billion including State Bank of Pakistan’s (SBP) $8.089bn providing enough only for two months of import cover.

The government has officially approached the International Monetary Fund to borrow $12bn to meet the growing foreign exchange requirements.

The outflow of portfolio investment also deteriorated the overall foreign private investment in the country which fell by 63pc in first quarter. An outflow of $185m was observed in the foreign portfolio investment (FPI) during the quarter under review compared to $78m in the corresponding quarter last fiscal year.

https://www.dawn.com/news/1439969/fdi-dips-42pc-as-chinese-investment-declines

Sometimes I feel like news regarding Pakistan is the lifeline of Indians, then I realized it probably is after learning how BJP gets it voter bank all on the basis of anti Pakistan narrative. Funny people.

 

[SHARMA BHOPALI]

Sometimes I feel like news regarding Pakistan is the lifeline of Indians, then I realized it probably is after learning how BJP gets it voter bank all on the basis of anti Pakistan narrative. Funny people.

What is wrong ?
India related threads are frequently opened by Pakistani posters, better contribute with your input if you can.

 

[Lincoln]

What is wrong ?
India related threads are frequently opened by Pakistani posters, better contribute with your input if you can.

It's like that one annoying guy at your work place or school you don't know and don't like but he still tries to get in on your affairs anyways.

 

[zip]

It's like that one annoying guy at your work place or school you don't know and don't like but he still tries to get in on your affairs anyways.

निंदक नियरे राखिए, ऑंगन कुटी छवाय, बिन पानी, साबुन बिना, निर्मल करे सुभाय।

 

[SHARMA BHOPALI]

It's like that one annoying guy at your work place or school you don't know and don't like but he still tries to get in on your affairs anyways.

This is not a work place . This is a free forum to discuss different topics .

 

[Lincoln]

This is not a work place . This is a free forum to discuss different topics .

It is a free forum, but you are still as equally as annoying.