Foreing direct investment up 88pc to $2.56bn in 2020

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ISLAMABAD: Foreign Direct Investment (FDI) into the country increased by 88 per cent to $2.56 billion in 2020 from $1.36 billion in 2019, according to data released by the State Bank of Pakistan (SBP).

The FDI improved from 2015 to 2018 and but then had a major fall in 2019 due to the depreciation of the rupee. However, it improved again in 2020 despite the economic slowdown brought about by the Covid-19 pandemic.

The FDI improvement in 2020 is primarily because of China’s investment in the telecommunication and power sector via the China-Pakistan Economic Corridor (CPEC).

According to reports, investment from China are expected to increase with the Pakistan Tehreek-e-Insaf (PTI) government gaining the trust of its Chinese counterparts.

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