Islamabad: According to news reports, the State Bank of Pakistan (SBP) declared a 16 percent increase in Foreign Direct Investment (FDI) in the month of September 2021.
The USD 236 million in FDI, which came mostly from the information technology (IT) industry, power, oil and gas exploration, and banking sectors, represents a significant rise over the same period last year. FDI, on the other hand, fell by 4% from July to September, to USD 439.1 million, compared to USD 457.6 million in the same period previous year.
Similarly, data released shows that a large amount of FDI came from US investors, totaling USD 100.9 million in FY-22, up from USD 19.7 million the previous year at the same time. With USD 76.9 million, China was the second-largest investment, down 50% from the previous year.
Other prominent investors include the Netherlands, with a USD 60 million investment, the United Arab Emirates (UAE), with a USD 49.7 million investment, the United Kingdom (UK), with a USD 30.3 million investment, and Hong Kong, with a USD 34.8 million investment. Experts estimate that FDI will exceed USD 1.5 to 2 billion in the current fiscal year if current trends continue.