Dada Pota Show of 16-11-2018. The only program of business and economy in Pakistan.
Foreign Direct Investment IMF PBS Inflation Political Economy Dada Pota Show 16-11-2018
Dada Pota Show 16-11-2018 based on Foreign Direct Investment IMF PBS Inflation Political Economy.
Today, Dada G shared his opinion on important news that FDI continues to fall in Pakistan.
Foreign investors have continued to stay away from Pakistan as they are reluctant to make long-term investments in the face of ambiguity about new economic policy of the Pakistan Tehreek-e-Insaf (PTI) government. Foreign Direct Investment (FDI) dropped 55% to $161.2 million in October 2018, compared with $354.6 million in the same month of last year, the State Bank of Pakistan (SBP) reported on Wednesday. “Uncertainty has probably remained an element behind slowdown in foreign (direct) investment in Pakistan,” Pakistan Business Council Chief Executive Officer Ehsan Malik told The Express Tribune. The current trend of investment these days is mostly for necessary expenditure. Global investors have not made any new long-term investment in any sector of the economy since long. A source anticipated the FDI may remain low in the short-to-medium run since Finance Minister Asad Umar told a foreign investors’ advocacy body last week that the government was interested in attracting FDI in export projects and/or import substitution projects in Pakistan, instead of continuing to attract the investment in consumer goods sector. The minister also urged the body for technology transfer into Pakistan along with FDIs. The shift in the policy towards attracting FDI in new sectors would help the government narrow down the current account deficit and lower burden on the country’s foreign currency reserves, he added. Cumulatively in the first four months (July-October) of the current fiscal year, 2019, the foreign direct investment decreased 46% to $600.7 million compared with $1.1 billion made in the same period last year, according to the central bank data.
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