Pak Crisis: Pakistan's FDI decreased by 52 percent in four months, increasing the problem of the country facing a cash crunch

Posted on 23rd Nov 2022 05:35 pm by rohit kumar

Cash-strapped Pakistan's foreign direct investment (FDI) has registered a decline of 52 percent during the first four months of the current financial year (FY23), amid poor economic conditions and political instability in the country.

 

 

According to the latest data released by the State Bank of Pakistan on Monday, FDI fell to USD 348.3 million in July-October FY23 from USD 726.5 million during the same period of the previous fiscal (FY22), Dawn newspaper reported. . According to Dawn report, FDI is declining every year while the amount of investment is also very less compared to regional countries like India, Bangladesh, and China.

 

 

According to the report, the highest FDI of USD 74.8 million came from China during the first four months of the financial year.

 

The Pakistani daily said that China has been the biggest investor for the past several years, but its investment has started declining, as shown by the comparative data of two years. Meanwhile, FDI inflows from the UAE increased to USD 67.6 million in the first four months from USD 51.4 million during the same period last year. The report comes at a time when Pakistan's Planning Minister Ahsan Iqbal on Sunday dismissed reports related to the country's default risks. Iqbal termed them as "propaganda" of Imran Khan's Pakistan Tehreek-e-Insaf (PTI) party.

 

Pakistan's federal minister made the remarks after Imran warned about the economic situation in Pakistan, saying the Shehbaz Sharif government was not capable of controlling it.

 

Also Read: Recession: Rajiv Kumar said - there is no possibility of a recession in the country, and the economy will grow at the rate of six-seven percent in 2023-24

Other news

Delhi Rape case: The girl's education was ruined due to the brutality of the officer, and she was planning to commit suicide; That's why kept quiet for 2 years

From November 2020 to January 2021, the accused kept raping the girl by threatening her. Then she

CUET UG 2024: Today is the last day to register for CUET UG, apply from this link; the Correction window will open tomorrow

The National Testing Agency is scheduled to close the application window for CUET UG today, April

IND vs SA 2nd T20: Suryakumar Yadav broke MS Dhoni's 16-year-old record, and became the first Indian captain to do so

Suryakumar Yadav Surpassed MS Dhoni Record: The Indian team's new captain Suryakumar Yadav achiev

UP Nikay Chunav 2023: CM Yogi Adityanath will hold two conferences and two public meetings in Gorakhpur for BJP candidates

UP Nikay Chunav 2023: Chief Minister Yogi Adityanath will do four programs between April 28 and M

Paris Olympics 2024: The great sports event will begin today, India would like to reach a number of medals in double digits

The great sports event Paris Olympics 2024 will begin today. 117 players from India are participa

India-Pakistan Ceasefire: 32 airports closed amid India-Pakistan tension reopened; operations resume

32 airports of the country which were closed due to the recent military tension between India and

IMF stopped Pakistan's debt: did not accept the condition of increasing the fuel price, needed help to get out of the economic crisis

The people of Pakistan, who are suffering from the economic crisis, are facing inflation along wi

IGNOU Re-registration: IGNOU has extended the deadline for re-registration for the January session, now apply till this date

Indira Gandhi National Open University (IGNOU) has extended the re-registration deadline for Janu

BJP and its allies are delighted after seeing the exit polls in Maharashtra and Jharkhand, know what the opposition leaders said?

The exit polls for Maharashtra Assembly Elections 2024 have shown a tough fight between the Maha

GDP: Government will release October-December GDP figures today, growth rate may remain up to 5.5 percent in third quarter

The country's economic growth may come down to 5.5 percent in the third quarter of the current fi