Govt registers 172pc hike in foreign direct investment in April
Stay tuned with 24 News HD Android App
In an encouraging development for the national economy, the government has seen a 172 percent rise in foreign direct investment in Pakistan during April, reported 24NewsHD TV channel.
According to the central bank data, FDI increased from $131.9 million to $358.84 million, an increase of 172 percent over the previous month.
The Special Investment Facilitation Council (SIFC) which was initiated under the leadership of Prime Minister Shehbaz Sharif is committed to promoting foreign direct investment in the country by restoring the confidence of the investors.
The State Bank of Pakistan said that last month’s increase in FDI was the biggest rise during the last 51 months.
China has topped the list with FDI of $177.37 million this year. According to the SBP, the UAE ranked second with a direct investment of $51.93 million, while Canada remained third with FDI of $51.89 million.
According to economic experts, the increase in foreign direct investment is the result of the establishment of SIFC and its efforts.