SBP sees low FDIs, exports key challenges to growth

[ahlam1399]

KARACHI: A slowdown in foreign direct investment (FDI) and exports is the major challenge the government is facing, the State Bank said in its third quarterly report on the state of eco**my on Friday, indicating that the eco**my will have to struggle to achieve 5.7% growth target for the FY 2016/17.“Investment rate continues to remain low, whereas the **n-CPEC FDI has **t picked up the pace,” said the report.The tax base stays narrow, despite stop-gap measures taken by the government. Furthermore, low commodity prices have also had an adverse impact on some sectors of the eco**my. The bank said exports continued to show weakness and remittance growth is also slowing down.



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