Investment flow: Concern over 47% FDI decline

ISLAMABAD: Showing great concern over the 47% fall in foreign direct investment (FDI) during July-May 2014-15 compared to the same period of last year, Islamabad Chamber of Commerce and Industry (ICCI) called upon the government to take urgent measures to resolve issues holding back foreign investors from exploiting potential in various sectors of the economy. “FDI in Pakistan declined to $803 million during the period July-May 2014-15 from $1,509 million during the same period of previous year,” said ICCI President Muzzamil Hussain Sabri. He said Pakistan is endowed with plenty of natural resources including reserves of oil and gas, coal, minerals, hydel and solar power. However, the country needs huge investment to exploit these resources for achieving better economic development.

 

Published in The Express Tribune, June 18^th,  2015.

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