Islamabad: Foreign Direct Investment (FDI)foreign direct investment) Pakistan has declined by 12 percent in the first four months of the current financial year.
In actual terms, FDI inflows during the four months July to October stood at US$ 662 million as against US$ 750.6 million in the same period a year ago. pakistani newspaper don Reported data released by state Bank on Wednesday.
In October, inflows fell 24pc to USD 223m from USD 293m in the same month in 2020.
The fall in FDI comes at a time when the Pakistan government is in dire need of foreign inflows and is in talks with the International Monetary Fund for debt recovery. dawn informed of.
Meanwhile, inflows from Pakistan’s biggest trading partner – China – also fell to USD 116.5 million in July-October from USD 399.5 million in the same period in 2020.
Besides, the Pakistani rupee has also declined against the US dollar in the inter-bank money market for months, which is a growing concern. Imran Khan The government indicated that the country was facing a deep economic problem, local media reported.
The Pakistani rupee closed at an all-time low of 175.73 on a US dollar. Since May 14 and July 1, the rupee has lost 13.34 per cent and 10.35 per cent, respectively.
in spite of State Bank Of PakistanThe rupee depreciated against the US dollar due to curbs on imports and buying of the greenback from the open market.
In actual terms, FDI inflows during the four months July to October stood at US$ 662 million as against US$ 750.6 million in the same period a year ago. pakistani newspaper don Reported data released by state Bank on Wednesday.
In October, inflows fell 24pc to USD 223m from USD 293m in the same month in 2020.
The fall in FDI comes at a time when the Pakistan government is in dire need of foreign inflows and is in talks with the International Monetary Fund for debt recovery. dawn informed of.
Meanwhile, inflows from Pakistan’s biggest trading partner – China – also fell to USD 116.5 million in July-October from USD 399.5 million in the same period in 2020.
Besides, the Pakistani rupee has also declined against the US dollar in the inter-bank money market for months, which is a growing concern. Imran Khan The government indicated that the country was facing a deep economic problem, local media reported.
The Pakistani rupee closed at an all-time low of 175.73 on a US dollar. Since May 14 and July 1, the rupee has lost 13.34 per cent and 10.35 per cent, respectively.
in spite of State Bank Of PakistanThe rupee depreciated against the US dollar due to curbs on imports and buying of the greenback from the open market.
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