The first two months of the ongoing fiscal year 2020-21 witnessed 40 per cent increase in foreign direct investment (FDI).
According to data released by the State Bank of Pakistan (SBP), the FDI from July to August was recorded $220.7million. Major investments were recorded from Norway, Malta and Netherlands, the report further added.
Norway remained on the top of the list with $40.50 million.
On September 17, the State Bank of Pakistan’s (SBP) net reserves increased by $13 million to $12.82 billion during the week ended on September 11.
Detailing the position of the reserves, the SBP, in a statement had said that the overall foreign reserves of the country stood at $19.95 billion.
Giving its breakup, it had said that the SBP currently held the foreign reserves of up to $12.82 billion and $7.13 billion reserves held by the commercial banks.
from Business News | PSX | News Updates from Pakistan Economy - SUCH TV https://ift.tt/32HuzC2
No comments:
Post a Comment