FDI at USD 125.4 million in October – Alfalah Securities Limited

Karachi, November 16, 2012 (PPI-OT): Pakistan’s foreign direct investment (FDI) surged considerably to USD 125.4 million during October as compared to USD 59.6 million during the same period last year which is encouraging for the economy which direly needs foreign inflows to improve its balance of payment situation, as per data released by the State Bank of Pakistan (SBP).

According to Alfalah Securities Limited, oil and gas exploration, trade, electrical machinery and transport were the top sectors which attracted sizable foreign direct investment in the country during Oct 2012.

On cumulative basis, the FDI during July-October FY13 amounted to USD 244.4 million as compared to USD 322.7 million in the previous year, depicting a decline of 24.3%YoY. Foreign private investment (FI) stood at USD 370.8 million higher by 49.7% YoY in which USD 126.4 million being contributed by foreign portfolio investment (FPI) during July-October FY13.

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