ISLAMABAD: Pakistan has witnessed a surge in the Foreign Direct Investment (FDI) which was recorded at 258.04 million dollars last month as against 169.91 million dollars during the same month last year.

The increase is attributable to the initiatives taken under the Special Investment Facilitation Council (SIFC) which revamped investment facilities, thus boosting investors’ confidence, according to a Radio Pakistan’s report.

The country’s remittance inflows at 330.15 million dollars and outflows worth 72.11 million dollars in the Foreign Direct Investment category also witnessed a significant boom.

There is also a clear increase in total foreign investment, which reached 311.2 million dollars from last year’s 172.6 million dollars.

This positive trend of Foreign Direct Investment reflects the upward trajectory of Pakistan’s economy and testifies the confidence of international investors.