“Despite tall claims of luring foreign investors in the housing sector, the government remains unable to make the sector attractive for foreigners,” FPCCI’s Businessmen Panel Chairman Mian Anjum Nisar observed. Article continues after this advertisementAccording to documents, the country received $1.3 billion FDI during July-Feb FY21 compared to $1.85 billion in the same period of last year. However, it may be noted that the entire world has been witnessing a fall in FDI inflows due to the Covid-19 pandemic. The FPCCI leader said foreign investment could only see a change once the country exited the FATF grey list. These two factors, combined with the Covid-19–triggered recession in major economies, make it difficult to accelerate growth of foreign investment, he concluded.

Source: Pakistan Today March 20, 2021 13:52 UTC