Karachi: Pakistan has continued to attract investments from multinational companies despite the ongoing coronavirus pandemic situation; with the country having witnessed a 32% rise in Foreign Direct Investment (FDI) levels during April as compared to the figures recorded for the same month over the previous fiscal year, a news source reported.
The FDI during April of this year stood at USD 133.2 million as against USD 100.8 million in April 2019, according to a report issued by the State Bank of Pakistan (SBP).
To this effect, Overseas Investors Chamber of Commerce and Industry (OICCI) Secretary General M Abdul Aleem said that the investment of fresh capital even during the pandemic is encouraging for Pakistan.
The investment has also been diverse – it poured in from a number of countries instead of just from China. The numbers are set to improve even further over the coming months as the government eases lockdown restrictions.
In total, Pakistan received nearly USD 2.3 billion in FDI during the first 10 months of the current fiscal year, as against USD 1 billion for the same period of the previous financial year.
