Friday, September 24, 2021

Foreign Direct Investment Jumped by 63 percent in May

As per the statement given by the State Bank of Pakistan on Friday, the inflows of FDI have increased by 63perent in May and reached $198.3 million, while it was $121.4m in last year May. This increase of $77m in FDI possibly shows positive change, given that slow progress was detected in the past few years.

According to the SBP data, this year April was okay as compared to the previous year, but May turns out to be even better than April, highlighting a positive tendency.

According to the sources, experts believe that previous year doubts and uncertainties were present because of the pandemic, which results in facing a lot of discouragement from the investors, fully ruled the departing fiscal year.

Our country’s economic external front end is in a better position now because the current account is in surplus while the SBP assets are at a four-year high. And This provides a beautiful picture to the overseas investors. As well as the government is also giving various stimulus packages to the foreign investors, as per the experts.

The SBP released data also provide information of high investment countries in Pakistan, i.e., China is the largest investor in Pakistan, but the inflows rate was less than the previous year. Hong Kong was the second-largest investor during this period, while the UK was at third position.

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