Pakistan's cement and construction FDI falls

According to State Bank of Pakistan (SBP), total foreign direct investment (FDI) into country during July 2018-February 2019 fell by 22.6 per cent compared to same period last year. The SBP data shows that the country received investments worth US$1.61bn during the first eight months of current fiscal year, down 23 per cent from US$2.09bn in the same period last year.
 
FDI in cement and construction sectors have also been impacted. Out of the country's total FDI, Pakistan's construction industry received FDI of US$348m during the eight months of FY18-19, compared to US$472.4m received in corresponding months of last fiscal year. This translates a YoY fall of 26.3 per cent.
 
The breakdown shows that the cement industry attracted FDI of US$32.4m compared to US$39.4m during the eight months of FY17-18. A fall of 17.8 per cent on YoY basis.