- Private sector investment portfolio increased to $841.1m in July-April 2015, 448.5pc last 10 months
Total foreign investment decreased to $2.603 billion in July-April of the current fiscal year compared to $3.110 billion in the same period last year.
According to a State Bank of Pakistan (SBP) report, the overall foreign investment in the country declined by $507 million; 16.3 percent.
Foreign private investment in the country has enhanced by 58.6 percent, $616 million to $1.666 billion in July-April 2015, compared to $1.050 billion in the same period last year.
In last 10 months, the foreign public investment has declined by 54.5 percent, $1.123 billion to $937 million, compared to $2.060 billion in the same period last year.
According to the analysts of different brokerage houses, the main reason behind the decline of foreign investment was the low investment of foreign public sectors in local bourses because of the current law and order situation.
However, the portfolio investment of the private sector increased to $841.1 million in July-April 2015 compared to $153.4 million. It increased by 448.5 percent in last 10 months.
The government had signed $46 billion memoranda of understanding with China to invest in the energy and other different sectors last month, which will further improve the economy situation of the country.
The Ministry of Finance has also finalised the agreement with the international monetary fund (IMF) last week to get 7th instalment under the Extended Fund Facility (EFF) arrangement. The IMF will release $560 million next June under EFF arrangement.
However, the biggest change came in foreign exchange reserves, which shot up to over $12.520 billion excluding the bank reserves. The SBP reported on last Thursday that total reserves rose to above $17 billion while its own reserves stood at $12.520 billion.
During the 10 months, the United States remained on the top who invested $748 million, United Kingdom was on 2nd position which invested 306 billion and China invested $214 billion.
Moreover, the balance of payment in last 10 month declined to -1.364 billion dollar from -2.931 billion dollar in the same period last year.
The central bank has shown the total export of $25.202 billion compared to $25.046 billion in the same period last year.
