Pakistan witnesses drop in foreign investments by 32.5 pct in 10 months

Economy

World / Countries / MNCs

Just Earth News | @justearthnews | 24 May 2021, 12:40 am Print

Pakistan Foreign Investment

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Islamabad: The rate of foreign investment flow in different sectors of Pakistani economy has dropped by 32.5% to $1.55 billion in the first 10 months of current fiscal year 2020-21 as compared to $2.3 billion in the same period of last year, the State Bank of Pakistan (SBP) reported on Friday.

This is happening at a time when Pakistan is witnessing several deadly waves of the COVID-19.

“FDI inflows into Pakistan remain moderate,” remarked Pak-Kuwait Investment Company Head of Research Samiullah Tariq while talking to The Express Tribune.

“They should grow over the next one year in the wake of stability in the rupee-dollar parity and improvement in balance of payments position in FY21," Tariq told the newspaper.

Special Economic Zones (SEZs), which were under the development phase, would also attract FDI among export sectors in the country, he said.

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