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The net foreign direct investment (FDI) into different sectors like power, communications and oil and gas exploration dropped 24% to $223 million in October 2021.
FDI had stood at $293 million in the same period of the previous fiscal year, the State Bank of Pakistan (SBP) reported on Wednesday.
Cumulatively, in the first four months (July-October) of the current fiscal year 2021-22, FDI inflows dropped 12% to $662.1 million compared to $750.6 million in the same period last year.
The drop in foreign direct investment has placed a big question mark over the investment climate in the country. Analysts say that a decline in foreign investment can be attributed to volatile currency during the period.
