In an official statement, the Finance Division clarified that a news report published in a segment of the press had highlighted that Foreign Direct Investment (FDI) inflows into Pakistan declined by 20 percent to $1.9 billion in 2019 (calendar year) against $2.4 billion in 2018.
In this context, it is clarified that FDI data is collected on the basis of fiscal years, whereas the quoted figure is taken on calendar year basis.
Furthermore, on fiscal year basis, FDI has increased by 68.3 percent during July-December 2019 as compared to same period of last year (from $0.797 billion to $1.341 billion)
The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) has called…
The tax evaders and black economy mafia bosses are putting a strong resistance to the…
Pakistan Furniture Council (PFC) will take part in a 3-day Riyadh international expo starting from…
Chairman of Oil and Gas Regulatory Authority (OGRA) Masroor Khan, along with Mr. Zain-ul-Abideen Qureshi…
Tarbela 5th Extension Hydropower Project will supply 1.347 billion low-cost and environment-friendly units annually to…
All Khyber Pakhtunkhwa Exporters Association has demanded of government to announce incentives over exporting of…
Leave a Comment