Pakistan net foreign investment up 3.8pc y/y in July-Mar

KARACHI: Net foreign direct investment into Pakistan rose 3.8 percent in the nine months that ended in March to reach $622 million, compared to a year earlier, the State Bank of Pakistan (SBP) said on Tuesday.

Between last July and March, there was an inflow of $1.591 billion and outflow of $969 million, the SBP said. In the year earlier, there was an inflow of $1.589 billion and outflow of $990 million.

The SBP said the slight improvement in foreign investment was due to inflows of US military support in the form of Coalition Support Fund(CSF).

During March, net foreign direct investment rose to $117.5 million from $40 million a year earlier.