Foreign investments experience a slump: SBP

KARACHI:

Foreign Direct Investment (FDI) fell to a negative $7 million in May, compared to $612 million in the same month last year, while the foreign private investments (FPI) were just $35m against $671m a year ago, said the State Bank of Pakistan (SBP) on Tuesday.

The month proved to be hard, as both the FDI and FPI fell sharply to negative or negligible.

The government, for the last two years, has been expressing hopes of huge foreign investment in the country, particularly from China. However, the data indicates that so far it has failed to mobilise foreign investors.

Analysts believe that the country lacks policy to attract foreign investors, who are said to be reluctant for a variety of reasons.