Pakistan's FDI (Foreign Direct Investment) jumps by massive 78% in Jul-Nov (Tribune)

[Vertex]

• Overall, the foreign investment Pakistan surged by 1,267pc to $2.006 billion during July-November.
• During the first five months of FY20, investment from the US increased from a negative $95.2 million to $34.9 million.
• Similarly, foreign investment from Norway jumped from a negative $74.2 million to $334 million.

The role of investment, in particular, foreign direct investment (FDI), is regarded as one of the most important contributors to economic growth. This is because countries, especially developing countries, see FDI as an important element in their overall strategy for economic development.

During the first five months of the current fiscal year, foreign direct investment (FDI) in Pakistan has increased by 78.1% to $859 million as compared to the investment of $477.3% in the parallel time last year.

According to the data released by SBP, FDI decreased to $200.1 million in November 2019. However, during the same time last year, the foreign direct investment was $285.4 million.

Pakistan's FDI jumps by massive 78% in Jul-Nov | The Express Tribune

Surge comes due to inflows from telecom companies, online payment firm

tribune.com.pk

 

[Will_Bite]

Its too early to make these comparisons. 2018-19 figures were pretty dismal, because the country had been left on the verge of default by PMLN, and the new PTI govt had to take drastic steps to curtail the trade deficit...this caused FDI and exports to fall pretty dramatically.

Now in 2019-20, figures are naturally better because they are being compared to the last year. I feel we should wait till we have at least 3 years of data under PTI before comparing.

 

[Shahid Abassi]

Far from satisfactory. Last year the total foreign investment fell from 5.6 bn (2017-2018) to about 0.25 bn. And now we are celebrating the rise by comparing it to the last year of total destruction. Long way to go.

 

[Vertex]

Its too early to make these comparisons. 2018-19 figures were pretty dismal, because the country had been left on the verge of default by PMLN, and the new PTI govt had to take drastic steps to curtail the trade deficit...this caused FDI and exports to fall pretty dramatically.

Now in 2019-20, figures are naturally better because they are being compared to the last year. I feel we should wait till we have at least 3 years of data under PTI before comparing.

To have a final say on this govt.'s performance on economy, your point is valid, nevertheless, improvement is a positive sign and makes one optimistic.

 

[Steyn]

The prices of electricity units also saw positive signs and increased several million percent since last year.

Taxes also saw a positive sign and increased exponentially on everything except human waste. Government is pushing hard to tax farts and feces too.

Economy of Bani Gala has seen unprecedented growth and seems like Pakistan is heading in the right direction