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FDI falls 20% to $203m in Jul-Aug

FDI falls 20% to $203m in Jul-Aug
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Foreign Direct Investment declines 29% in FY21

Foreign Direct Investment declines 29% in FY21
Amounts to just $1.85b due to travel disruption caused by Covid-19 pandemic
KARACHI:
The inflow of foreign direct investment (FDI) into different sectors of Pakistan’s economy fell 28.9% to $1.85 billion in fiscal year 2020-21 primarily due to the global travel disruption that prevented foreigners from visiting the country for investment purposes.
According to data released by the State Bank of Pakistan (SBP) on Friday, the foreign investment in Pakistan had stood at $2.6 billion in fiscal year 2019-20.
Speaking to The Express Tribune, Economist Muzammil Aslam said that the main reason behind the drop in FDI was the Covid-19 pandemic. He added that the number of foreigners who visited Pakistan in the last fiscal year nosedived on the back of global travel restrictions, hence the volume of direct investment declined as well. ....

Muzammil Aslam , Ahsan Mehanti , Arif Habib Corp , Intermarket Securities Head Of Research Saad Ali , State Bank , Express Tribune , Economist Muzammil Aslam , Arif Habib Corp Managing Director , Intermarket Securities Head , Research Saad Ali , முஜம்மில் அஸ்லம் , ஆரிப் ஹபீப் கார்ப் , நிலை வங்கி , எக்ஸ்பிரஸ் ட்ரிப்யூன் , பொருளாதார நிபுணர் முஜம்மில் அஸ்லம் , ஆராய்ச்சி ஸாட் அலி ,