Pakistan

The State Bank of Pakistan (SBP) in its report revealed that nearly $143million foreign investment was made in the month of January, while $1.45billion worth of foreign investment was brought to Pakistan in the first half of the financial year 2018-19, as per the media reports.

As per the details, foreign investment shrunk by 75 percent to $3.9billion in the first 7 months of this financial year while the foreign direct investment (FDI) indicated a reduction of 17 percent during this period.

The stock market lost nearly $400million in the first 7 months of the financial year.

The situation, however, is anticipated to go towards betterment as the Kingdom of Saudi Arabia would be investing in Pakistan in 3 phases, short-term, middle-term and the long-term projects, under its investment plan.

Also Read: Saudi Arabia to Invest $21billion in Pakistan in 3 Phases

As per the details released of the investment plan during the historic visit of the Saudi Crown Prince—Mohammad bin Salman, the Kingdom would be investing $21billion in the different sectors in Pakistan.

The Saudi Prince also issued directives for the establishment of a health center in the province of Khyber Pakhtunkhwa to honor the martyred Pakistani hero—Farman Khan. He lost his life back in the year 2009 when the flood struck Jeddah. Khan saved 14 lives before he lost his own. He was awarded the King Abdul Aziz medal of the first order.

More Read: Saudi Arabia to Establish Health Center to Honour Pakistani Hero

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