|
FDI sinks 48pc in ten months
|
|
KARACHI: The inflow of foreign direct investment (FDI) in Pakistan has declined by 48.4 per cent to $666.7 million in July-April 2012, compared to $1.292.8 billion in July-April 2011.
According to data released by State Bank of Pakistan (SBP) here Tuesday, overall net inflow of foreign investment has slipped by 64.7 per cent to $563.3 million as against $1.595 billion in the same period last year.
The outflow of port folio investment was $71.6 million during the period under review while it was a net inflow of $328.8 million in the corresponding period last year.
In the month of April 2012, the net inflow of FDI was $67.6 million while it was $135.6 million. The inflow of port folio investment in July 2012 $ 11.5 million as against $ 23.6 million in April 2011.
US was the leader in FDI with $195.8 million followed by United Kingdom $171.3 million, Italy $152.6, China $113.1 million and Switzerland $87.1 million. – APP
|
|