Foreign Investment in FY 2019-20 is 137% higher than the previous year

Foreign Investment Jumps by 137% in 2019.
Foreign Investment Jumps by 137% in 2019.
  • Foreign Investments in Pakistan have jumped by 137% in the first quarter of FY 2019-20
  • The total investment has been increased by 512 Million dollars
  • Investment in July-September 2019 is 886 Million dollars, whereas it was 374 Million dollars in the same period last year.

Pakistan has achieved a major milestone as the total investment is 137% higher than the previous year.

According to month-on-month stats, The total foreign investments rose to $622 million during Sep 2019, the total investments were $126 million during the same time in 2018.

 

Pakistan’s Trade Deficit decreased by 35% in Q1 of the financial year 2019-29.

Pakistan’s trade deficit fell to $5.72 billion from $8.79 billion according to the Pakistan Bureau of Statistics.

The country’s exports saw an increment of 2.75% from $5.374 billion to $5.522 billion from July to September of 2019.

 

Check this too: Current Account Deficit shrinks to 31% in July 2019

 

The overall economic situation:

So, the overall situation of Pakistan’s economy is not ideal at the moment but, looking at the indicators like above, it is safe to say that it is headed in the right direction.

This might take another financial year to fully recover from a bad situation. An increase in foreign investments and a decrease in Trade Deficit are the major milestones achieved by Pakistan.

Conclusion:

The economic status might not be perfect but the direction is right and Pakistan’s economy is moving towards betterment.

Source: Dawn

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