Foreign investment dips by 61pc in July

Foreign investment dips by 61pc in July
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Summary Pakistan foreign investment decreased by about 61 percent in the first month of FY 2011/12.

According to State Bank of Pakistan (SBP), foreign direct investment fell 17.2 percent in July 2011 to $ 90.9 million from $ 109.8 million in the same period last year. Pakistan’s unstable security and chronic power shortages have put off long-term investors.Foreign portfolio investment fell 160.4 percent with outflows of $29 million in the first month of fiscal year 2011/12, compared with inflows of $48 million in the same period last year.
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