January 19, 2021

FDI plunges 30 percent to $952.6 million in first half

KARACHI: Foreign direct investment dropped around 30 percent to $952.6 million in the first six months of the current fiscal year as Chinese investment under corridor projects was seen losing its pace, data from the State Bank of Pakistan showed on Monday.The country drew $1.3 billion in FDI in the corresponding period of last fiscal year. FDI fell to $193.6 million in December from $493 million in the same month of last year.Net FDI from China decreased to $358.9 million in July-December...