Foreign Private investment rises 51 percent

KARACHI: Foreign private investment increased by 51 per cent to $564.8 million in the first quarter of this fiscal year, up from $374m in same period of 2018.

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Meanwhile, foreign direct investment (FDI) edged lower by 3.1pc to $542.1m during July-Sept, as compared to $559.4m in same quarter last year.

However, FDI in September clocked in at $385.3m, surging by 111.6pc over $182.1m in corresponding month last year.

If the September trend persists for the remaining fiscal year, the country could receive record high investment it received during the last five years but it depends upon the business environment and low cost of doing business.

Data reveals that the most significant chunk came from Norway, even beating China which has been the largest investor in the country for the last three years.

FDI from Norway stood at $263.7m, soaring by a whopping 1,600pc, over just $15.5m in the same quarter of FY19. Of this, $253.2m were invested in September.

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