Foreign investment in Pakistan rises 16% during  July- August

KARACHI: The Foreign Direct Investment (FDI) increased by 16 percent during the first two months of the current fiscal year.

The State Bank data issued on Thursday showed that the FDI inflows rose to $233.8 million in July-August against $201.4m in the same period of last year.

The highest inflow of $50m was noted from China. The FDI from Hong Kong was $33m, $42m from the Netherlands, and $36.5m from Switzerland.

The foreign exchange reserves of the State Bank of Pakistan (SBP) fell by $140 million to $7.638 billion because of debt repayments during the week ended on Sept 8, announced the central bank on Thursday.

The overall reserves of the country fell to $13.097bn while the holdings of the commercial banks were $5.44bn.