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India-Pakistan |
Pakistan foreign investment plummets 67 per cent |
2012-10-18 |
[Dawn] Foreign investment in Pakistain plummeted by 67 per cent in the first quarter, according to official data, with experts blaming the fall on poor economic management, energy shortages and persistent terrorism. The figures from the central State Bank of Pakistain showed that net foreign direct investment (FDI) from July to September was just $87 million, compared with $263 million in the same period last year. Pakistain's financial year begins on July 1. The overall FDI inflow during the quarter was $287 million while the outflow was $200 million, with only the oil and gas exploration sector recording a positive net figure. |
Posted by:Fred |