Pakistan: Foreign investment drops by 30% Jul-Dec
Published 19 Jan,2021 via Dawn - Foreign direct investment (FDI) fell by 30 per cent in the first half of the current fiscal year, reflecting the impact of Covid-19 that is still affecting the country as well as global economies.
The State Bank’s latest data issued on Monday showed the country received $952 million foreign investment during July-December FY21 compared to $1.357 billion in the same period of last fiscal year.
In FY20, Pakistan managed to improve its track record as it received $2.561bn FDI compared to $1.362bn in the preceding year. However, the pandemic drastically impacted global economies suppressing any chance for Pakistan to attract huge amounts of foreign investment.
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