FDI sheds 23% in July in Pakistan

In July, Pakistan experienced a decline of 23.27 percent in foreign direct investment (FDI), amounting to $87.7 million. This reduction can be attributed to the ongoing political and economic challenges faced by the country. Despite these difficulties, the State Bank of Pakistan (SBP) released data on Friday revealing a positive comparison to the previous year. In July 2022, Pakistan received $74.8 million in FDI, which rose to $78.5 million when including a portfolio investment of $3.7 million.

A significant portion of the FDI inflow originated from China, amounting to $18 million in July. This figure is notably higher than the $7.1 million recorded in the same month of the prior year. China has consistently held the position of being the largest investor in Pakistan for a number of years.

Political turbulence has been prevalent in Pakistan for several months, coinciding with preparations for upcoming general elections. The National Assembly is slated to conclude its term on August 12.

Furthermore, Balochistan Awami Party (BAP) Senator Anwaarul Haq Kakar was appointed as the interim prime minister of Pakistan on Saturday.