The State Bank of Pakistan’s three-month data for Financial Year-2018 (FY-18) shows that remittances for July-Oct FY-18 are up 2.3% as compared to the same period in FY-17. Net overall FDI during July-Oct FY-18 has jumped up to $937 million as against $501 million in July-Oct FY-17 (an increase of 87%). The Large-Scale Manufacturing Industry during July-Oct FY-18 has grown 9.64% as compared to the same period in FY-17. Data for FY-18 shows a slight uptick, July-Oct exports are at $4,429 million as against $4,062 during the same period in FY-17. After all, Pakistan is an imports-dependent economy.

Source: The Express Tribune January 02, 2018 05:15 UTC