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Advisor chairing meeting on PRMI at BOI

Abdul Razaq Dawood, Advisor to Prime Minister on Commerce & Investment chairing a progress review meeting on Pakistan Regulatory Modernization Initiative (PRMI) at Board of Investment (BOI), Islamabad on Monday, the 10th August, 2020.  Dr. Ishrat Hussain, Advisor to Prime Minister for Institutional Reforms and Austerity of Pakistan, Mr. Atif R Bokhari, MoS / Chairman, BOI and Mrs. Fareena Mazhar, Secretary BOI also attended the meeting.

FDI jumps 88pc to $2.561bln in FY20

Foreign direct investment (FDI) in Pakistan jumped 88 percent in the fiscal year of 2019/20, with most of the inflows going into power and communications sectors, led by China, numbers released by State Bank of Pakistan (SBP) showed on Friday.

Pakistan attracted $2.561 billion FDI in July to June FY2020, compared with $1.362 billion in the previous fiscal year.

The direct investment, however, was lower than the government’s target of $4.34 billion set for FY2020. This was due to the COVID-19 pandemic’s negative impact on investments that were felt strongly.

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