Foreign Investment goes down by 65pc in first 9 months of the fiscal year
Wednesday, April 18th, 2012 9:18:39 by Fayyaz Yaseen
Foreign Investment goes down by 65pc in first 9 months of the fiscal year
Karachi: (Wednesday, April 18, 2012) The ongoing fiscal year has been worst in terms of attracting foreign investment to Pakistan as from July 2011 to March 2012, in the first 9 months of the year, it has drastically fell by 65
per cent to a meager US $ 516 million. Following a similar route, the flow of direct funds to the country has also gone historical low.
During same period in the last fiscal year, as per the stats released by the State Bank of Pakistan, the foreign direct investment totalled $ 1.46 billion.
Providing details to the phenomenon, the State Bank said that the total foreign direct investment to the country fell 48.2 percent to $ 599.1 million during July to March period. Moreover, the portfolio investment also turned negative
by $ 83.1 million.
The major reasons that fueled the phenomenon included the country’s unstable security and law and order situation, Taliban insurgency, the lingering chronic power shortages and political and social unrest.
Tags: 65 percent, Fell, Foreign Direct Investment, FY 2011 12, State BankShort URL: https://www.newspakistan.pk/?p=19477
Posted by Fayyaz Yaseen
on Apr 18 2012. Filed under Pakistan.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
