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Reading: Foreign investment falls by 26pc in Jul-Sept
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PhotoNews > Business > Foreign investment falls by 26pc in Jul-Sept
Business

Foreign investment falls by 26pc in Jul-Sept

Last updated: 2014/10/18 at 5:32 PM
2 Min Read
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Foreign investment further fell in the first quarter of the current fiscal year.

The government is inviting investors from the entire world, particularly from Arab counties and China, but it is facing difficulties in motivating investors.

Foreign direct investment fell by 26 per cent during July-September as compared to the same period of last year. What is more worrisome is the size of FDI which is almost negligible if compared with regional countries, like India, China and Bangladesh.

Pakistan received just $169m foreign direct investment, which shows that no serious investor turned towards this country.

During the current fiscal year, foreign investment from friendly counties, like Saudi Arabia and China, was in the negative.

Most of investment came from European countries, US and Hong Kong. The highest amount of $43m was invested by Hong Kong, more than 25pc of the total investment of $169m. Other significant investments, like $41.5m and $36.6m, came from the US and UK, respectively. Other European countries, like Switzerland, Italy and France, also invested in Pakistan.

However, size of investment dropped to the lowest level in the last 10 years of Pakistan which is damaging the image of the country in the global market.

TAGGED: Foreign investment falls
admin October 18, 2014
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