Foreign investment in Pakistan down 42 percent
Tuesday, May 19, 2009
Mon May 18, 2009
KARACHI (Reuters) - Net foreign investment in Pakistan fell 42.7 percent to $2.21 billion in the first 10 months of the 2008/09 fiscal year compared with $3.86 billion in the same period last year, the central bank said.
Foreign private investment fell 27.9 percent to $2.75 billion in the July to April period, compared with $3.82 billion in the corresponding period last year, the State Bank of Pakistan said on its website (www.sbp.prg.pk).
Out of total foreign investment, foreign direct investment was down 13.8 percent to $3.20 billion, compared with $3.72 billion in the year-earlier period.
There was an outflow of $992.5 million from July to April this year compared with an inflow of $143.4 million in the same period last year.
There have been outflows from the stock market because of political uncertainty and economic and security worries.
Foreign investors also lost confidence and sold shares when stock market authorities placed a floor under the main index in August following sharp falls.
The floor was removed in December.
KARACHI (Reuters) - Net foreign investment in Pakistan fell 42.7 percent to $2.21 billion in the first 10 months of the 2008/09 fiscal year compared with $3.86 billion in the same period last year, the central bank said.
Foreign private investment fell 27.9 percent to $2.75 billion in the July to April period, compared with $3.82 billion in the corresponding period last year, the State Bank of Pakistan said on its website (www.sbp.prg.pk).
Out of total foreign investment, foreign direct investment was down 13.8 percent to $3.20 billion, compared with $3.72 billion in the year-earlier period.
There was an outflow of $992.5 million from July to April this year compared with an inflow of $143.4 million in the same period last year.
There have been outflows from the stock market because of political uncertainty and economic and security worries.
Foreign investors also lost confidence and sold shares when stock market authorities placed a floor under the main index in August following sharp falls.
The floor was removed in December.
Labels: Economy, Foreign Investments
posted @ 11:07 AM,
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