Foreign direct investment in Pakistan plunges by 38.7pc in July
Published 18 Aug,2021 via Dawn KARACHI - Foreign direct investment fell sharply by 38.7 per cent during the first month of the new fiscal FY22 compared to July FY21, following the declining trend noted in the previous fiscal year.
The State Bank’s latest data issued on Tuesday showed that the country received only $90 million as FDI during July against an inflow $128.7m in the same month of the previous fiscal.
The beginning of the new fiscal did not show any improvement against the trend dominated by the previous fiscal FY21 as it fell by 29 per cent: the country received $1.847bn in last fiscal year.
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