Friday, November 27, 2020
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Pakistan invites US firms to bring in investment & advanced technology

Also on rt.com

Islamabad, Pakistan
Foreign investors rush into Pakistan, with inflows surging 200% in first half of the year

The US has been one of the top investors in Pakistan over the last two decades, with major investments concentrated in consumer goods, chemicals, energy, agriculture, business process outsourcing, transportation, and communications. It is also Pakistan’s largest export destination country, with the two nations’ bilateral trade amounting to $6.5 billion last year. 

Pakistan saw unprecedented inflows of foreign money last year as investors were lured by high interest rates and promises of economic reform. According to Abdul Hafeez Shaikh, financial adviser to Prime Minister Imran Khan, foreign direct investment surged by 200 percent in the first half of 2019. Global investors bought one-year bonds worth $642 million in November alone.

For more stories on economy & finance visit RT’s business section

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