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.

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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.

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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.

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