Foreign investment in Pakistan down 42 percent

[Coventina]

Source: Reuters

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.



Read more: http://www.reuters.com/article/gc05/idUSTRE54H0U420090518