Pakistan notes over 126pc increase in Foreign Direct Investment

Pakistan notes over 126pc increase in Foreign Direct Investment during first 10 months of current fiscal year (FY) from the corresponding period of last financial year.

Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood said this in an interview.

Pakistan notes over 126pc increase

He said Pakistan has witnessed an increase of one hundred and twenty-six point eight percent in net Foreign Direct Investment.

This rise noted during first ten months of current fiscal year from the corresponding period of last financial year.

While talking to APP in Islamabad on Tuesday, he said the country is rapidly gaining investors’ attention for a variety of reasons in recent years.

The Adviser said the Prime Minister himself is leading the reforms to facilitate investors and to ensure Ease of Doing Business.

He further said that COVID 19 has no doubt slowed down the business activities all over the world including Pakistan.

The World Bank (WB) has projected a 23 percent decline in remittances for Pakistan.

That totals about $17 billion in 2020 compared with a total of $22.5 billion in 2019 due to the economic crisis induced by the pandemic, and lockdowns in most cities abroad.

The WB also made decline in global economy but Pakistan’s improved FDI position has come as a good news to the nation.

GTV