Foreign direct investment (FDI) also fell by 25%.
Karachi: The State Bank of Pakistan (SBP) report stated that foreign investment has dropped by 77 percent in fiscal year 2023 as compared to FY 2022.
According to SBP, total foreign funds for the fiscal year 2023 totaled US$ 427.1 million, a fall of 77% from the prior fiscal year.
Foreign direct investment (FDI) also fell by 25%.
As per State Bank report, Pakistan's private sector got US$ 1.43 billion in investments from abroad, a 7 percent reduction, and US$ 1.01 billion in investments went to the country's public sector.
Earlier, the total liquid foreign reserves of Pakistan stood at US$13,534.1 million while reserves held by the central bank reached $8,186.1 million.
The State Bank of Pakistan, in a statement issued here on Thursday, informed that SBP’s reserves decreased by US$ 541 million to US$ 8,186.1 million mainly due to external debt repayments during the week ending on July 21, 2023.
Pakistan's tallest man, Nasir Soomro, passes away in Shikarpur
- ایک گھنٹہ قبل
Five family members of SHO injured in grenade attack in Khuzdar
- 3 گھنٹے قبل
Cricketer Junaid Zafar Khan dies of medical emergency during hot Adelaide match
- ایک گھنٹہ قبل
Weekend US tornadoes leave at least 40 dead
- 5 گھنٹے قبل
Pakistan, WB reaffirm commitment to economic reforms and sustainable development
- 35 منٹ قبل
Houthis launch twin attacks on USS Harry Truman
- 5 گھنٹے قبل
UConn-Creighton ends in scuffle over 'fancy' dunk
- 5 گھنٹے قبل
Trump administration begins mass layoffs at Voice of America and US-funded media outlets
- ایک گھنٹہ قبل
TTP camps destroyed in Khyber Pakhtunkhwa during police operation
- 5 گھنٹے قبل
Gold glitters, historic high in Pakistan
- 5 گھنٹے قبل
Over 220 health facilities at risk of closure in Afghanistan, says WHO
- 42 منٹ قبل
PTI to participate in National Security Committee meeting
- ایک گھنٹہ قبل
