Islamabad, January 18, 2016 (PPI-OT): Pakistan’s foreign direct investments are expected to touch $1.3 billion or more by the end of this year due to encouraging first six months figures as compared to the last year in the same period. This was disclosed by a spokesman of Board of Investment in Islamabad.
According to FDI statistics for the first six months of the fiscal year (July – Dec 2015), the total FDI inflows touched $1087.2m whereas the net FDIs stood at $624.1m as compared to $610.4 last year in the same period reflecting an increase of 2.2%. The encouraging news is that that the outflows of FDIs have shown a marked decrease falling from $1171.1 to $463m in the same period. Keeping in view the upward trajectory this year, total foreign direct investments are expected to touch $1.3 billion this fiscal year as compared to $851m in the last fiscal year 2014-15.
Energy Sector attracted the major chunk of FDIs amounting to $365m in which coal sector bagged $230m, while thermal sector got $93.4m and hydel power $41.3m of investments. The other major sectors remained oil and gas explorations $157m, communications $127.2m and financial services $74.7m. The major contributing countries remained China $428.2m, UAE $112.6m, USA $96.5M and Hong Kong $74.1m.
For more information, contact:
Amir Sultan Akhun Khel
Director (P and PR)
Board of Investment
Tel: (92-51) 922 4103
Fax: (92-51) 920 7030