{"id":2082,"date":"2016-10-25T14:01:45","date_gmt":"2016-10-25T09:01:45","guid":{"rendered":"https:\/\/smartchoice.pk\/blog\/?p=2082"},"modified":"2016-11-10T12:39:00","modified_gmt":"2016-11-10T07:39:00","slug":"telecom-sector-in-pakistan-gets-21m-in-fdi","status":"publish","type":"post","link":"https:\/\/smartchoice.pk\/blog\/2016\/10\/telecom-sector-in-pakistan-gets-21m-in-fdi\/","title":{"rendered":"Telecom Sector in Pakistan gets $21M in FDI"},"content":{"rendered":"<p>The telecom sector has received US $ 21 million as Foreign Direct Investment (FDI) in the first quarter of the current fiscal year as against the US $ 6.9 million in the corresponding period of last year.<\/p>\n<p>Information Technology sector fetched US $ 3.3 million FDI in July-September 2016 as compared to 0.2 million in the corresponding period of last fiscal year.<\/p>\n<p>Figures published by State Bank of Pakistan (SBP) on Sunday revealed overall communications sector comprising telecommunication, Information Technology and postal &amp; courier services) registered US $ 24.2 million net FDI with US $ 40.9 million inflow and US $ 16.7 million outflows.<\/p>\n<p>Telecommunication sector registered US $ 37.6 million inflow, US $ 16.6 million outflows and US $ 21 million net FDI during the period under review.<\/p>\n<p>Net FDI in software development remained at the US $ 1.5 million during July-September.<\/p>\n<p>This increase in FDI is a welcome boost to the economy of Pakistan and we hope that things keep progressing in a similar stance as our IT industry is a major backbone of the country&#8217;s economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The telecom sector has received US $ 21 million as Foreign Direct Investment (FDI) in the first quarter of the [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":2083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[800],"tags":[861,862,59,860,859],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - 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