The rate of foreign investment flow in different sectors of the Pakistani economy has dropped by  32.5% to $1.55 billion in the first 10 months of the current fiscal year 2020-21 as compared to $2.3 billion in the same period of last year, the State Bank of Pakistan (SBP) reported on Friday.

This is happening at a time when Pakistan is witnessing several deadly waves of the COVID-19, IBNS said. 

“FDI inflows into Pakistan remain moderate,” remarked Pak-Kuwait Investment Company Head of Research Samiullah Tariq while talking to The Express Tribune.

“They should grow over the next one year in the wake of stability in the rupee-dollar parity and improvement in balance of payments position in FY21," Tariq told the newspaper.

Special Economic Zones (SEZs), which were under the development phase, would also attract FDI among export sectors in the country, he said.

(SAM)