ISLAMABAD, May 20 (ABC):Foreign Direct Investment (FDI) in Pakistan declined to US$1.455 billion in July-April (2021-22) compared to the FDI inflows of $1.48 billion recorded during same period, a year ago, showing a negative growth of 1.6 percent.
On year-on-year basis, the FDI rose to US$170.6 million in April 2022 against US$169.0 million recorded during the same month of the preceding year, according to the data released by State Bank of Pakistan (SBP) on Friday.
The country-wise data shows that China remained the top country posting US$355.8 million FDI during first 10 months of current fiscal year compared to the investment worth of US$699.6 million recorded during same period of last year.
United States was the second largest country with investment of US$223.4 million during the period under review against the net investment of US$112.7 million recorded during first 10 months of of the fiscal year 2020-21.
Foreign Direct Investment from Honkong rose to $133.9 million in during the period under review compared to the net FDI of $127.6 million in Jul-April 2020-21.
The foreign investment from Netherlands posted a growth as it surged to US$80.8 million compared to the FDI of US$46.6 million during July-April 2020-21.
Similarly, the FDI from Singapore witnessed a surge of 2,532 percent as it rose to $97.4 million from mere $3.7 million in the first 10 months of the preceding fiscal year.
The FDI from Switzerland also surged to $119.8 million from $54.3 million and that of U.A.E. rose to $118.2 million in Jul-April (2021-22) from $94.3 million.
Investment from Malaysia also increased from $36.0 million last year to $71.0 million in the corresponding period of current fiscal year.
Similarly the FDI from Kuwait also rose to $40.1 million from zero investment in same period of previous fiscal year.