Abb Takk News

Foreign Investment Drops 12pc For January YoY

KARACHI: The Foreign Direct Investment (FDI) numbers have jumped down 12 per cent for the month of January when compared with the corresponding month of the year 2020 and remained US$ 193 million.

The financial year 2020’s January claimed US$ 220 in FDIs. On the other hand, the first seven months of FY21 could pull only US$ 1,145 million which is about 27 pc less than the preceding year’s same period.

A brief report published by Arif Habib Limited, a leading securities company, quotes numbers from State Bank of Pakistan noting that in the past seven months of financial year 2021, China took the lead by channeling into Pakistan US$ 403 million as FDI.