Direct and portfolio foreign investment in Pakistan fell 48.7% in the first three months of the 2011-12 fiscal year to $236.2 million, the central bank said on Monday.
Investment totalled $460.6 million in the first three months of 2010-11 fiscal year. Security problems and chronic power shortages in the country have put off long-term investors, analysts said.
Foreign direct investment fell 28.4% in July-September 2011 to $282.7 million from $394.9 million in the same period last year, the State Bank of Pakistan said.
At least 400 people were killed in July and August in violence in the country’s main commercial hub and foreign investors have started shunning the country’s main stock exchange.
Foreign portfolio investment fell 171.2% with outflows of $46.5 million in the first three months of 2011-12, compared with inflows of $65.3 million in the same period last year.
Published in The Express Tribune, October 18th, 2011.
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