During the last 4 months, investors have withdrawn 1 crore 82 million dollars from the stock market. “Foreign Direct Investment in Pakistan | Dropped by 93% | Shocking News Today”
According to the details. There has been a record decrease of 93% in foreign direct investment in Pakistan this year. As compared to the month of October of the last financial year.
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According to the data released by the State Bank of Pakistan. Only 91.5 million dollars of direct foreign investment was madee in Pakistan in the month of October.
Which was 250 million dollars in the same period last year from July to October. A decrease of 39.3 percent has been observe in foreign investment.
Foreign Direct Investment in Pakistan | Dropped by 93% | Shocking News Today
According to the report, in the last 4 months, foreign direct investment of only 332.7 million dollars has been made in Pakistan. While in the same period of the previous fiscal year, foreign investment of 547.9 million dollars was madee.
While during the last 4 months, the stock market Investors have withdrawn capital of 1 crore 82 million dollars. After which the total foreign direct investment has decreased by 35.5 percent to 314 million dollars.
On the other hand, according to the statistics of the State Bank of Pakistan. The current account deficit was 567 million dollars in October.
Which is 56% more than September 2022. The current account deficit for the first four months of this financial year was 2.82 billion dollars. While the deficit is 46% less than the 4 months of the previous financial year.
According to the State Bank, the current account deficit has decreased due to the decrease in imports, the country’s imports during July to October were 20 billion 61 million dollars. While the imports of 4 months of the last fiscal year were 23 billion 32 million dollars.
In the 4 months of this financial year, the imports decreased by 11% compared to the same period of the previous financial year, while the exports of the 4 months increased by 2.61% to 9.82 billion dollars.
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