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Foreign investment reduce by 58pc

Foreign investment reduce by 58pc

KARACHI: The total foreign investment plunged by 58 per cent in the first two months of this fiscal year FY2019-20, according to the latest data from the State Bank of Pakistan (SBP) on Wednesday.

The total investment fell to US $157 million during July and August, lower by 58 per cent. This could possibly be a worrying sign for the government which has been met with a severe shortage of dollars since coming into power amid massive current account deficit.

The overall net foreign direct investment (FDI) increased by 6.7 per cent and amounted to $264 million during the same period. On the other hand, portfolio investment amounted to $107 million during the two months.