Tuesday, April 23 2024

Foreign direct investment jumps 51pc
Foreign Direct Investment (FDI) jumped by 51.7 per cent to $258 million in March compared to $170m in the same month last year. Higher FDI inflows amid prevailing economic and political uncertainties, particularly after the general elections, would help the new government improve the country’s image abroad through economic reforms. However, the State Bank of Pakistan data released on Monday showed that the FDI inflows in the first nine months of the current fiscal year fell compared to the same period in the preceding fiscal year. During July-March FY24, the country received $1.099bn against an inflow of $1.217bn in the same period of last year, showing a fall of 9.7pc or a loss of $118m. Pakistan has the lowest FDI preference in the region and receives close to $2bn in FDI per annum.
Related news categories: business economic-indicators investment-copr misc