Pakistan FDI
Pakistan: Foreign investment slides 33 percent in February
Karachi, Pakistan: Pakistan's Foreign direct investment (FDI) fell year-on-year (YoY) by 33 percent and declined by 17.3 percent compared to preceding month of January, as per data released by the State Bank of Pakistan showed on Thursday.
According to the SBP data, FDI inflows during July-Feb 2021-22 (8MFY22) noted a positive growth of six percent compared to the same period of last fiscal year.
The second half of the current fiscal has been facing several negative impacts including the war in Ukraine and a hike in oil prices in the international markets, reports The Dawn.
The record increase in oil prices as well as in other commodities rates has widened the trade deficit. The six percent FDI growth is far lower than the $11.6 billion current account deficit confronting the country, the Pak newspaper reported.
Poor investment climate hit the FDI inflows which noted a sharp decline of 50 percent to $110 million in January this year from $218.7 million in December 2021, The Dawn reported.
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