Foreign investment in Pakistan drops by 94% YoY
MG News | July 15, 2019 at 04:55 PM GMT+05:00
July 15, 2019 (MLN): Foreign investment in Pakistan has plunged by 94% during FY2019, as the total amount for this period stands at $329 million as compared to $5,680 million in FY2018.
Based on the data released by State Bank of Pakistan, a major chunk of these investments came in the form of direct investment worth $1,737 million, i.e. almost 50% less as compared to last year’s figure of $3,471 million.
Furthermore, an outflow of $415.2 million from equity markets, which is around 72% higher than last year’s outflow, adds further fuel to the wildfire as it explicitly hints towards a rapidly disintegrating economy.
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