Foreign direct invsetment fell by 48.4 percent in FY12

ISLAMABAD: The Foreign Direct Investment (FDI) in Pakistan stood at $666.7 million during July-April (2011-12) as against $1,292.9 million last year.

According to Economic Survey of Pakistan 2011-12, FDI showed decline of 48.4 percent.

Oil and Gas Exploration remained the major sector for foreign investors, which stood at 69.8 percent.

The pre-budget document, however maintains that Pakistan will certainly attract foreign direct investment with the resolution of energy shortage and improvement in the law and order situation.

It added that the Board of Investment (BoI) is making efforts to provide increasing investment friendly environment to investors.

The Survey added that efforts are being made to facilitate foreign
investors with improved infrastructure and a better working environment so that the favourable business climate may induce investors to initiate new investment projects in the country. (APP)