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Pakistan

Country's FDI soars despite coronavirus crisis, tweets Dawood

Dawood says this is testament to the fact investments are still coming into the country in spite of very difficult
20 May, 2020
  • Dawood says this is testament to the fact investments are still coming into the country in spite of very difficult conditions.
  • Pakistan's FDI rose 32 percent to $133.2 million in April 2020 as compared to $100.8 million in the same month of the previous year.

(Karachi) Adviser to Prime Minister for Commerce and Investment Abdur Razak Dawood has said that Foreign Direct Investment (FDI) surged to more than double in the period July to April 2020, as compared to the same period last year.

https://twitter.com/razak_dawood/status/1263079663573893120

In a tweet on Wednesday, he said, "This is testament to the fact investments are still coming into the country in spite of very difficult conditions."

He maintained, "We expect this trend to continue."

Foreign companies continued to inject fresh investment into ongoing projects in different sectors of Pakistan’s economy like telecommunication, power, and chemical despite the global economic crisis sparked by the coronavirus pandemic.

Pakistan's FDI rose 32 percent to $133.2 million in April 2020 as compared to $100.8 million in the same month of the previous year, as per the State Bank of Pakistan.

In the first 10 months, from July to April, of the current fiscal year, foreign firms injected FDI worth $2.28 billion, which is more than double the investment of around $1 billion in the same period of the previous year, according to the SBP.

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