Steep decline in FDI due to non-conducive environment

ISLAMABAD: Lack of conducive environment, law and order situation, political instability, rampant corruption and frail economy have had a worst impact on the foreign investment in the country, Geo News reported Sunday.

According to the sources of Finance Ministry, the foreign investment to Pakistan has witnessed a whopping decline of 83 percent.

During the first quarter of FY 2011-12, US, UK and other developed countries only invested to the tune of 50.1 million dollars in Pakistan compared to over 290 million dollars in the same period last year.