Staff Reporter
Islamabad
Pakistan has seen an 88% increase in foreign direct investment (FDI), from $1.36b in 2019 to $2.56b in 2020, according to the data released by the State Bank.
FDI improved from 2015 to 2018 and then majorly fell in 2019 because of the rupee depreciation but it is improving again in 2020 even though the economy was hit hard due to the coronavirus pandemic.
The foreign investment improved from 2015 to 2018 and then fell in 2019. The drop mainly happened because the rupee’s value tanked.
It is, however, improving in 2020 even though the economy was hit hard due to the coronavirus pandemic. This is primarily because China is investing in the telecommunication and power sector via the CPEC programme.
