Courtesy China, FDI increases 8.7%


KARACHI: Thanks to massive inflows from China, foreign direct investment (FDI) increased 8.7% in the first five months of 2015-16 on a year-on-year basis, according to statistics released by the State Bank of Pakistan (SBP) on Thursday.

Pakistan received FDI of $540.2 million in July-November, which is $43 million higher than the FDI received in the same five-month period of the preceding fiscal year. FDI from China amounted to $334.6 million in July-November, which has increased 117.7% from a year ago