There was a drop of at least 32.5 per cent in the inflow of foreign direct investment (FDI) in the first 10 months (July-April) of the current financial year.
The FDI was recorded at $1.55 billion in the said period compared to the previous financial year when $2.3 billion were invested in Pakistan, as per the data shared by the State Bank of Pakistan.
In April alone, foreign investment improved to $158.4 million compared to $151.1 million in the same month of previous year.
Most foreign investments are made in the energy and oil sector of Pakistan by China, but now Norwegian and Swedish are also entering financial markets and telecom sector of Pakistan.
Meanwhile, Prime Minister Imran Khan has boasted of his government’s economic success. He said country’s gross domestic product (GDP) growth for the current fiscal year which is projected at an estimated 3.94 percent is a success.
The prime minister posted a message on his Twitter handle saying that the “National Accounts Committee has finalised GDP growth estimate and GDP growth is estimated at 3.94 per cent.”
Prime Minister Imran wrote that “it reflects the success of his government’s economic policies while managing Covid-19 pandemic.
“Our V-shaped recovery is balanced between three major sectors – agriculture, industry and services, he added.
