Pakistan to attract $2.5b foreign investment in FY22: Anjum Nisar

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Chairman FPCCI’s BMP says rising FDI reflects improved security, better policies

Chairman Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Anjum Nisar on Sunday said that increase in Foreign Direct Investment (FDI) in the first half the current fiscal year reflects the im-provement in security situation, implying that inves-tors had started coming back to Pakistan as the country has attracted FDI of over $1 billion, up by 20 percent owing to government’s efforts to create a conducive environment for investors.

In a statement issued here, he said that the coun-try’s liberal policies offered one of the most attrac-tive investment regimes in the region, anticipating that Pakistan might attract $2.5 billion in foreign inflows in fiscal year 2021-22. Although the FDI data was encouraging, it might be difficult to keep the pace of FDI inflows at present levels for the next half year if Covid-19 challenges continued to mount, he said. FPCCI for-mer president appreciated the government’s resolve to meet the challenges faced by Pakistan in Euro-pean markets vigorously, suggesting that it should devise strategies to promote Pakistani products and called upon the trade officers to take advantage of opportunities offered by the China Pakistan Eco-nomic Corridor.

Mian Anjum Nisar said that lifting of Covid-19 restrictions across the world during the first half of the current fiscal year .

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