business

August 18, 2018

FDI drops 45.2pc to $128.1m in July

KARACHI: Foreign direct investment into Pakistan in July fell 45.2 percent year-on-year to $128.1 million, according to figures published by the central bank on Friday. The FDI stood at $233.8 million in July 2017.The decline in FDI flows was mainly driven by marginal increase in Chinese investments. Lower investments from the various foreign companies also weighed on FDI to the country in the first month of the current fiscal year.Net FDI flows from China rose to $74.5 million in July 2018...