KARACHI: The net Foreign Direct Investment (FDI) witnessing a remarkable and historical growth in fiscal year July to May 2014 reached to the level of $3.71 billion, State Bank of Pakistan (SBP) statistics said.
The overall share of Foreign Private Investment recorded at $1.58 billion whereas Foreign Public Investment reached $2.122 billion in the period of July to May of the current financial year.
The inflows in FDI grew substantially with a colossal value of $2.196 billion in April and $732 million in May 2014 after the government received overwhelming response from foreign investors for its Eurobonds, which alone generated more-than-expected value of $2 billion despite gap of seven years floating of any bond in the international market by Pakistan’s government.
Besides investment from the auction of 3G licence increased inflows of FDI significantly.
Analysts said the inflows of dollars have stabilised the macro-economic indicators for the coming months, which tremendously eased off pressure of rupee against dollar though strengthened noticeably for long period.
The overall investment, foreign exchange and rupee situation have made conducive for foreign investors to enhance their investment in stock markets and in real sectors with positive and encouraging sentiments.
The foreign investment will continue to come, as more dollars will inflow into national exchequer with the privatisation and sell-off of government shares in different public and private sector institutions that will increase opportunities to attract more investment in the country.
In this regard, not only investment in real sector will grow but also it may equally reflect on the growth of portfolio investment going forward. On the other hand, investment opportunities will be seen matured in different potential sectors such as telecom, construction, fast moving consumer goods and power provided that security and energy issues are tackled hand-on.
ZURICH: Six weeks after a fateful decision that blasted its currency skywards, Switzerland’s ...