Per capita income hikes 7%; FDI up by 2%

After an increase of $122, the annual per capita income reached $1,798 while the volume of GDP reached $383 billion and the foreign direct investment (FDI) in the first 10 months of the current financial year was recorded at $1.45 billion.

Sources closer to the planning ministry, the per capita income in the country was estimated at $1,676 last fiscal year and an increase up to $1,798 this fiscal year after a hike of $122 or 7% per capita.

In terms of the rupee, per capita income was Rs268,223 in 2020-21 which has increased to Rs314,353, whereas, the GDP rate reached $383 billion in the current fiscal year 2022.

On the other hand, the State Bank of Pakistan (SBP) data showed that the FDI inflows in April 2022 stood at $171 million as compared to 169 million in April 2021, while FDI inflows in the first 10 months of the current financial year were increased up to 2% to $1.45 billion.

China topped among countries in the FDI data as $365 million was invested by Beijing from July to April 2022, whereas, it invested $700 million in the same period during the last fiscal year.

The United States ranked second in foreign direct investment as it invested $223 million in the first 10 months of the current fiscal year.

During July-April, investments in the energy sector were recorded at $528 million, while investments in the financial and business sectors were recorded at $347 million.