Le 20 octobre 2014, 03:49 dans Humeurs • 0
Islamabad: Foreign investment in Pakistan fell in the first quarter of the current fiscal year starting from July 1 despite the government efforts to invite investors from the Arab world and China, a media report said on Saturday.
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What is more worrisome is the size of FDI which is almost negligible if compared with regional countries like India, China and Bangladesh.
Pakistan received just USD 169 million FDI, which shows that no serious investor turned towards this country.
Prime Minister Nawaz Sharif, himself Special Occasion Dresses UK a business tycoon, visited many countries to attract investment, but he is yet to see positive results of his efforts.
During the current fiscal year, foreign investment from friendly counties like Saudi Arabia and China was in the negative. They withdrew USD 3.9 million and USD 14.6 million, respectively, during the quarter.
Most of investment came from European countries US and Hong Kong. The highest amount of USD 43 million was invested by Hong Kong, more than 25 percent of the total investment of USD 169 million.
Other significant investments like USD 41.5 million and USD 36.6 million came from US and UK respectively.
Other European countries like Switzerland, Italy and France, also invested in Pakistan.
However, size of investment dropped to the lowest level in the last 10 years of Pakistan which is damaging the image of the country in the global market.
The country is under pressure of external obligations, like debt-servicing which rose to about USD 7 billion in FY-14.
This trend is highly dangerous for a country which receives negligible foreign investment while it is more critical that outflow as dividend and profits on previous investments, surpassed the FDI.
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