Connect with us

Hi, what are you looking for?


FDI hits 6-month high at $189m

The investment made by multinational companies hit a six-month high at $189 million in September 2020 as they poured capital into various projects in Pakistan, particularly oil and gas exploration and power production.

The investment, however, stood low when compared with an average of $200 million per month in the previous fiscal year 2019-20.

The flow of foreign direct investment (FDI) into the country, especially for initiating new projects, will improve gradually until Coivd-19 challenges are overcome across the globe.

The health crisis has prompted investors in developed countries to put their major investment decisions on hold for developing states until the world finds a way out of the crisis, say experts.

On a year-on-year basis, FDI halved to $189 million in September 2020 compared to $383.5 million in the same month of last year, the State Bank of Pakistan (SBP) reported on Friday. FDI dropped 24% to $415.7 million in the first quarter (July-September) of the current fiscal year compared to $545.5 million in the same period of last year.

Inflows remain low compared with average of $200m per month in last fiscal year.

Reported by: The Truth International

Breaking News

Several Iranian media outlets, citing the Red Crescent, reported that rescue teams have located President Ebrahim Raisi’s helicopter. “Red Crescent search and rescue teams...


ISLAMABAD: The federal government will present the budget for the upcoming financial year 2024-25 in the National Assembly on Friday, June 7. The budget...


TEHRAN: In a tragic helicopter crash, Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir Abdollahian, along with other officials, lost their lives while...


Salman Khan Bollywood superstar Salman Khan, who has been in the headlines recently due to a gun firing incident outside his house, has continued...