June 19, 2021

FDI increases 63 percent YoY to $198.3mln in May

KARACHI: Pakistan’s foreign direct investment increased 63 percent year-on-year to $198.3 million in May with major inflows going into the communications, trade and the power sectors, the central bank data showed on Friday.The FDI increased 25 percent month-on-month in May. It stood at $121 million in May 2020.The increase came with improvement of foreign investors’ confidence on Pakistan due to signs of a pickup in the country’s economic growth, resumption of the International Monetary...