Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Sheikh has said that political uncertainty and lake of infrastructure is largely contributing to lower foreign investment in Pakistan.
He asked the political parties to shun their differences for the sake of their country and join hands with the government as well as the private sector for implementation of national agenda for economic revolution, as Foreign Direct Investment (FDI) has presented a dismal performance and posted some 38 percent decline during the first quarter of this fiscal year.
Quoting the State Bank of Pakistan (SBP) data, he revealed that FDI was continuously moving down and fell by 38 percent during July-September of FY17 compared to same period of last fiscal year. Pakistan fetched FDI amounting to $249 million during the first quarter of FY17 compared to $403 million in the corresponding period of FY16, depicting a decrease $154 million.
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