ID :
168716
Wed, 03/16/2011 - 13:47
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http://m.oananews.org//node/168716
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Foreign Investment in Pakistan Rises 27%
- Press Release issued by Pakistan American Business Association
Karachi, March 15, 2011 (PPI): Following is the text of press release issued by Pakistan American Business Association
Quote
Net foreign investment in Pakistan rose 27 percent to $1.23 billion in the first eight months of the 2010/11 fiscal year, because of a sharp rise in foreign portfolio investment, the State Bank of Pakistan (SBP) said on Tuesday.
Foreign investment was $969.5 million in the same period last year.
Foreign direct investment fell 21.8 percent in the July-February period to $989.6 million, from $1.26 billion in the same period last year, the SBP said.
A shaky security situation, a Taliban insurgency in tribal areas and chronic power shortages have put off long-term investors, analysts say.
However, with emerging markets on the radar of fund managers, Pakistan has seen a flow of foreign investment in the country's main stock exchange.
Foreign portfolio investment rose 182 percent to $242.1 million in the first eight months of 2010/11, compared with an outflow of $295.3 million in the same period last year.
An International Monetary Fund (IMF) emergency loan package agreed to in November 2008 helped Pakistan avert a balance of payments crisis and shore up reserves.
Karachi, March 15, 2011 (PPI): Following is the text of press release issued by Pakistan American Business Association
Quote
Net foreign investment in Pakistan rose 27 percent to $1.23 billion in the first eight months of the 2010/11 fiscal year, because of a sharp rise in foreign portfolio investment, the State Bank of Pakistan (SBP) said on Tuesday.
Foreign investment was $969.5 million in the same period last year.
Foreign direct investment fell 21.8 percent in the July-February period to $989.6 million, from $1.26 billion in the same period last year, the SBP said.
A shaky security situation, a Taliban insurgency in tribal areas and chronic power shortages have put off long-term investors, analysts say.
However, with emerging markets on the radar of fund managers, Pakistan has seen a flow of foreign investment in the country's main stock exchange.
Foreign portfolio investment rose 182 percent to $242.1 million in the first eight months of 2010/11, compared with an outflow of $295.3 million in the same period last year.
An International Monetary Fund (IMF) emergency loan package agreed to in November 2008 helped Pakistan avert a balance of payments crisis and shore up reserves.
