Promotion of FDI stressed

Published: July 20, 2019
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PHOTO: FILE

PHOTO: FILE

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has expressed concern over 50% fall in foreign direct investment (FDI) and asked the government to frame more conducive policies for attracting hefty investment in the country, which was essential to steer the economy out of trouble. According to the State Bank of Pakistan’s latest report, Pakistan has fetched FDI amounting to $1.74 billion in July-June FY19 compared to $3.47 billion in FY18, depicting a decline of 50%, which should be a cause for concern for policymakers, said ICCI President Ahmed Hassan Moughal and other senior ICCI officials in a statement. They said the economy was facing many challenges as exports were not growing according to the potential and the trade deficit had widened.  

Published in The Express Tribune, July 20th, 2019.

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