Pakistan's FDI Lags Region; LCCI Urges Reforms Amid Economic Woes

The Lahore Chamber of Commerce & Industry (LCCI) reports Pakistan attracted only $1.64 billion in FDI last year, significantly less than regional peers like Indonesia ($22bn) and Vietnam ($20bn). LCCI President Faheem-ur-Rehman Saigol stressed the urgent need for consistent long-term economic policies and reforms to enhance investor confidence and diversify foreign exchange earnings beyond remittances. Concerns were also raised over potential impacts of regional conflicts on remittance inflows and the threat of a nationwide transporters' strike. This economic outlook, marked by low FDI and potential instability, could put pressure on the Pakistani Rupee, potentially influencing local gold and silver prices upwards.

بحوالہ / Source: www.brecorder.com