KARACHI: The country’s Foreign Direct Investment (FDI) has surged by $1 million to $710 million in the first nine months of current fiscal year as compared to $709m in the same period last year.
According to the State Bank of Pakistan, the portfolio investment also increased to $100m during July-March of 2014-15 as compared to $35m in the same period last year.
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Billions of dollars MoUs have been signed with different countries to attract foreign investment, but serious energy crisis and terrorism remained major hurdles. In 2013-14, the total FDI was at $1.667bn and $1.456bn in 2012-13.
