Pakistan's foreign investment falls 58.4pc in July-Oct

KARACHI: Direct and portfolio foreign investment in Pakistan fell 58.4 percent in the first four months of the 2011/12 fiscal year to $238.1million, the central bank said on Thursday.

Investment totalled $571.8 million in the same period last year.

Foreign direct investment fell 27.7 percent in July-October 2011 to $340.2 million from $470.5 million in the same period last year, the State Bank of Pakistan said.

Foreign portfolio investment fell 200.8 percent without flows of $102.1 million in the first four months of the fiscal year 2011/12, compared with inflows of $101.3 million in the same period last year. (Reuters)