Pakistan FDI plunges by 44% during first seven months of FY23
1 year, 10 months ago

Pakistan FDI plunges by 44% during first seven months of FY23

Live Mint  

Islamabad, February 22 : Foreign Direct Investment in Pakistan constricted by 44 per cent during the first seven months of Fiscal Year 2023, Pakistan-based financial daily newspaper Business Recorder reported. According to Business Recorder, the State Bank of Pakistan on Monday reported that the country has got FDI amounting to USD 683 million during July-Jan of FY23 as against USD 1.22 billion in the same period of last fiscal year. During the first seven months of this fiscal year, net foreign portfolio investment also posted negative growth with USD 14 million in outflows, according to State Bank. Total foreign investment in the country stood at negative USD 341.4 million in July-Jan of FY23 compared to an investment of USD 1.875 billion in the same period of last fiscal year, according to Business Recorder.

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