Home

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.

Mr. Omer Rasul, Secretary (BOI) addressed the seminar "Dialogue on Industrial Cooperation under CPEC & SEZs Framework"

Pakistan is all set to carry forward the initiative of IC during the second phase of CPEC with a renewed momentum. IC under CPEC is a question of “Now or Never” at this crucial point in Pakistan’s economic trajectory and those people and economic entities that will stays in business NOW would be the front runners tomorrow.