KARACHI – PTI government faces an economic setback in the FY 2019 as theforeign direct investment registers massive decline.
The total foreign investment plunged by 58 per cent in the first two monthsof this fiscal year FY2019-20, according to the latest data from the StateBank of Pakistan (SBP) on Wednesday.
The total investment fell to US $157 million during July and August, lowerby 58 per cent. This could possibly be a worrying sign for the governmentwhich has been met with a severe shortage of dollars since coming intopower amid massive current account deficit.
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The overall net foreign direct investment (FDI) increased by 6.7 per centand amounted to $264 million during the same period. On the other hand,portfolio investment amounted to $107 million during the two months.
