July 17, 2021
KARACHI: Foreign direct investment (FDI) in Pakistan fell 28.9 percent to $1.847 billion in FY2021, central bank data showed on Friday, as Covid put brakes on world economy as well as inflows into projects under China-Pakistan Economic Corridor (CPEC).
Pakistan’s economy attracted $135.4 million inflows in June. That compared with $174.8 million in the same month last year.
Developed countries were hit harder by the Covid-19 than developing countries.
The overall weak global trends were also responsible for the tepid FDI inflows into Pakistan. At the same time some other factors were also at play.
There was a lack of triggers that could have stimulated fresh investment into sectors that have been receiving higher FDI over the past few years such as telecom and power, according to the third quarterly report from the State Bank of Pakistan (SBP).
Investment in sustainable infrastructure indispensable to SDGs: FM
July 16, 2021
Foreign Minister Shah Mahmood Qureshi has said massive investment in sustainable infrastructure, including energy, transportation, agriculture, and manufacturing is indispensable to achieve the Sustainable Development Goals and the climate objectives.
Virtually addressing 75th Anniversary of the Economic and Social Council today (Friday), he said Pakistan s infrastructure development strategy is designed to take advantage of our large pool of young people and our geo-economic location at the crossroads of South Asia, Central Asia, West Asia and China.
The Minister said Pakistan is launching its first ever SDG Investor Map to leverage private sector investments for sustainable development. The Map will identify Investment Opportunity Areas and business models that could advance private investment for the achievement of SDGs in Pakistan.
‘Extremely unfair’ to blame Pakistan for Afghan unrest
Imran tells Ghani Islamabad would be last county to try to destabilise its eastern neighbour
PM Imran with Afghan President Ashraf Ghani. PHOTO: Foreign Office
ISLAMABAD/TASHKENT:
Prime Minister Imran Khan told Afghan President Ashraf Ghani on Friday Pakistan would be the last county to try to destabilise his country and stressed the need for the Afghan stakeholders and the international community to gear up efforts for a “politically negotiated settlement” there.
Responding to the speech of Ghani at a conference on ‘Central and South Asia Regional Connectivity, Challenges and Opportunities’ in Tashkent, Imran said that blaming Pakistan for the ongoing unrest in the war-battered country was “extremely unfair”.
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