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Economy

In the first two months of the current fiscal year, foreign investment in the country declined by 22%

The statistics released by the State Bank of Pakistan show in the period of July to August of the fiscal year 2020-21, the country received $210 million worth of foreign investment, which is $59 million or 22% less than the last year in the same period. Last year the country received foreign investment of $269 million during the same period.

Experts say because of COVID-19 there is an economic slowdown all over the world and Pakistan is no exception. They say that since the majority of developed countries gradually removing the restrictions imposed through the lockdowns, the economic activities are now picking up. According to them, foreign investment in Pakistan is also likely to pick-up in the next eight months of this financial year.

Report by: The Truth International

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