Karachi: The data released by the State Bank of Pakistan (SBP) on Monday revealed that foreign investment levels were seen to increase by 512.9% (reaching USD 3.336 billion) in the first eight months of FY 2019-2020 – compared with USD 650.6 million recorded during the same period last year, according to news sources.
This increase is spurred from the USD 2.161 billion international investment in Pakistan’s debt papers. The national investment bonds and treasury bills have attracted a lot of foreign investor since the beginning of this fiscal year – as high-interest rates were offering profitable carry trade prospects.
Moreover, the foreign direct investment (FDI) jumped to USD 1.852 billion (75% increase) during July-February of FY2019-20, when compared with last year’s figures. The FDI spiked to USD 562.6 million last month – as compared to USD 115.8 million registered in February 2019. The countries which contributed to the FDI were:
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