ICCI alarmed at drop in investment

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has expressed grave concern over the 72.5% decline in total foreign investment in Pakistan, which tumbled to $1.2 billion during July-February FY19 from $4.4 billion in the same period of last year. It urged the government to take immediate measures to reverse this trend in order to promote local and foreign investment in the country. ICCI President Ahmed Hassan Moughal pointed out that direct investment in Pakistan also fell to $1.62 billion in the period under review against $2.09 billion last year, showing a decline of 23%. “It is high time the government take measures to create conducive environment for investors,” he stressed.  

Published in The Express Tribune, March 17^th, 2019.

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