ISLAMABAD – Pakistan Finance Division responds over media reports ofreduction in Foreign Direct Investment in Pakistan.
Finance Division Friday described as factually incorrect and misleading anews item published in a section of the press claiming that the foreigndirect investment flows into Pakistan had dropped by 20 per cent in 2019.
In an official statement, the Finance Division clarified that a news reportpublished in a segment of the press had highlighted that Foreign DirectInvestment (FDI) inflows into Pakistan declined by 20 percent to $1.9billion in 2019 (calendar year) against $2.4 billion in 2018.
In this context, it is clarified that FDI data is collected on the basis offiscal years, whereas the quoted figure is taken on calendar year basis.
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Furthermore, on fiscal year basis, FDI has increased by 68.3 percent duringJuly-December 2019 as compared to same period of last year (from $0.797billion to $1.341 billion).
