ISLAMABAD: Foreign direct investment (FDI) rose 10.5 percent to $1.084 billion during July-May as compared to $980 million in same period of last fiscal year, depicting an increase of 103.3 million, official revealed on Monday. The overall communication sector comprising telecommunication, information technology and postal and courier services have registered $55.7 million FDI with $155.8 million inflow and $100.1 million outflow, posting a decline of $15.84 million in IT sector in first eleven months of current fiscal year. The data showed that $13.5 million inflow and $29.3 million outflow was registered in IT sector during July-May (2015-16), besides $4.5 million in software development and $1.3 million in hardware development. On other hand, FDI inflows for IT services were recorded at $7. 7 million and outflow at $29.3 million.