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FDI falls by 27pc in six months

Karachi: Foreign private investment fell by 37 per cent to $433 million during the first six months of this fiscal year, the State Bank reported on Friday.

The report showed the foreign direct investment (FDI) during this period fell by 27 per cent to $416m while the portfolio investment fell by 88 per cent to $16.9m.

The government has yet not been able to improve the country’s image as a safe place for foreign investment due to worsening security situation, the report noted.

The impact of this poor inflow is enormous since the outflows were much higher than the inflows during the last three years particularly debt repayment to the International Monetary Fund.

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