Pakistan likely to witness a financial crisis as the flow of foreign investment into the country economy dropped 32.5 per cent to USD 1.55 billion in the firs
Foreign investment drops 32 5 pc in 10 months in Pakistan aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
This has placed a big question mark over the investment climate in the country.
Besides, rampant uncertainty across the globe due to Covid-19 – including Pakistan – has encouraged international investors to hold back new investment plans until things settle down in the coming months and years.
The inflow of foreign direct investment (FDI) into the country dropped 32.5% to $1.55 billion in the first 10 months of current fiscal year 2020-21 compared to $2.3 billion in the same period of last year, the State Bank of Pakistan (SBP) reported on Friday.
Read: ‘One-window operation to boost investment’
In April alone, foreign investment improved to $158.4 million compared to $151.1 million in the same month of previous year.
Market watch: Stocks rally on positive economic indicators tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.