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.
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.
