Foreign direct investment dips 29 percent in July-May 2010-11

KARACHI: Pakistan’s foreign direct investment (FDI) has continued to show a negative growth in the country, declining 29.7 percent to $1.39 billion in 11 months of fiscal year 2010-11 compared with the same period of last fiscal year.

The foreign portfolio investment (FPI) surged to $347 million in the same period to settle aggregate foreign investment at $1.739 billion in July-May 2010-11, State Bank of Pakistan (SBP) reported on Tuesday. The major FDI landed from countries including UAE, USA, UK, Hong Kong and Mauritius. The potential sectors that attracted foreign exchange were power, mining and quarrying, sugar, cement and construction.

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