Country attracts $11.96 billion net FDI during last 5 years

ISLAMABAD: The country attracted US $11.96 billion worth of net Foreign Direct Investment (FDI) during previous five years from, 2013 to 2018, according to State Bank of Pakistan (SBP).

Year wise data shows that during 2012-13, net inflow of FDI was recorded at US $1.456 billion, while during 2013-14, the net FDI was recorded at $1.699 billion, and in 2014-15, the total FDI stood at $987 million.

Similarly $2.3 billion worth of FDI flowed to Pakistan during 2015-16, $2.746 billion in 2016-17 and $2.767 billion in 2017-18.

According to data issued by the SBP, China made the highest investment of $4.966 billion during the period under review followed by UK, which made FDI of $1.6 billion.

Similarly, investment from United States during last five years was recorded at $813 million, from United Arab Emirates $425 million, Japan $281 million, Hong Kong $858.6 million, whereas Switzerland made investment worth of $600.2 million.

Austria made investment worth $224 million, Netherlands $410 million, Italy $634 million, Turkey $234 million and others $909 million.

Net sector wise data shows that during previous five years, the highest investment was made in power sector where and amount of $3.12 billion was invested followed by $1.95 billion worth of investment made in oil and gas exploration, and $1.624 billion in financial business.

In construction sector, total investment of $1.35 billion was made while in food and beverages, transport equipment (Auto), and electronics, an investment of $1.3 billion, $289.2 million, and $268.4 million was made respectively.

Likewise, in textiles sector an investment of $127.4 million was made whereas in trade, tobacco, communication, and chemicals sectors, investment worth of $206 million, $190 million, 371 million, and $222.7 million was recorded in the country.