Updated on
Summary The foreign direct investment (FDI) fell by 67 per cent to $87 million during the July-September.
According to State Bank of Pakistan, the foreign direct investment (FDI) fell by 67 per cent to $87 million during the July-September of 2012-13 compared to $263 million the same period last year.The overall FDI inflow during the quarter was $287 million, while the outflow was $200 million. In the same quarter last year, inflows were $580 million and outflows $317 million.Analysts said FDI inflows have been falling for the last four years as the trust deficit among the foreign investors is increasing.The country is under enormous pressure of falling foreign exchange reserves and speedy payments of debts and interests on debts to the IMF and other donors.The repayments have slashed the reserves and shaken the exchange rate as the local currency has continuously been losing value against the US dollar.
