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FDI slightly rises in Jan-Sept

Published : Sunday, 14 January, 2018 at 12:00 AM Count : 29

Net inflow of Foreign Direct Investment (FDI) increased marginally in the first nine months of 2017, according to the latest statistics of the central bank.
It showed that net inflow of FDI stood at US$ 1.49 billion in January-September period of 2017, while the amount was $1.47 billion in the same period of 2016.
The latest statistics also revealed that some $0.93 billion ($934.85 million to be precise) came as reinvested earnings of the existing Multinational Entities (MNEs) operating in the country.
Besides, some $416.45 million came as equity capital and rest amount worth $142.94 million came as intra-company loans during the period under review.
Export Processing Zones (EPZs) received $277 million in FDI in the first nine months alone of the past calendar year.
The lion's share of FDI went to non-EPZ areas with the amount totalling $1217.22 million ($1.21 billion) in the period under review.
Latest data of the balance of payment showed that net inflow of FDI in July-November period of 2017 stood at $859. With this, total FDI in the first 11 months of the past calendar year reached $1846 million.

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