Home Business Country’s FDI down by 58%, total FDI increases 6.7%

Country’s FDI down by 58%, total FDI increases 6.7%

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KARACHI: The foreign direct investment (FDI) increased by 6.7 per cent and amounted to $264 million during the same period. On the other hand, portfolio investment amounted to $107 million during the two months, the State Bank of Pakistan said on Wednesday.

The total foreign investment plunged by 58 per cent in the first two months of this fiscal year FY2019-20, according to the latest data from the SBP.

The total investment fell to $157 million during July and August, lower by 58 per cent. This could possibly be a worrying sign for the government which has been met with a severe shortage of dollars since coming into power amid massive current account deficit.