December 17, 2020

FDI drops 17pc to $717.1mln in July-November

KARACHI: Pakistan’s foreign direct investment dropped 17 percent to $717.1 million in the first five months of the current fiscal year, data from the State Bank of Pakistan showed on Wednesday.The country attracted $864.4 million of FDI in the corresponding period of the last fiscal year.FDI flows turned negative in November due to pull out of investments from China and Norway from the country.Pakistan registered FDI outflow of $16 million in November. However, FDI stood at $192.4 million...