Foreign investment soars to $1.52bn

The foreign direct investment (FDI) surged 56 per cent in the first seven months of FY25. The State Bank reported on Tuesday that the FDI increased by $548 million, or 56pc, to $1.523 billion during July-January FY25 compared to $975m a year ago. The growth is impressive, but the size of the FDI was the poorest in the region. The government has been trying to attract foreign investments but could not materialise the idea for higher foreign investments. The Special Investment Facilitation Council has been established to resolve the problems and remove all hurdles to foreign investments, but the situation has not changed much. The FDI inflows in January were much better than the last year as the country received $194m compared to an outflow of $132m in January 2024.