FDI inflows decline by 62.5% in Jul-May
Karachi: The net FDI investment landed $ 678.9 million during Jul-May 2011-12 after $42.5 million outflow of capital was brought back by the foreign investors in the bonds and stock markets, State Bank ofPakistan (SBP) statistics said.
FDI has registered decline of 48.3 percent to reach $765.4 million in eleven months of the current financial year 2011-12 as against $1,463 million in the same period of previous financial year.
The uncertain political, energy crisis and prevailing law and order situation coupled with global economic slowdown has kept foreign investors at bay for expanding their business in the highly risky environment.
The FPI recorded 101 percent decline after an outflow of $42.57 million in Jul-May 2011-12 as compared with previous year’s $ 5.4 million figures.
FDI landed from USA recorded 202.9 million as compared with outflow of $26.3 million FPI by end of May. FDI inflows from UK recorded at $186.6 million whereas the $29 million FPI outflow was registered.
Countries such as Italy, China and Austria invested $161 million, $116.5 million and $64.9 million as direct investment respectively, on the other hand, FDI outflow were seen from Norway, Hong Kong and Singapore with $275 million, $54.5 million and $48.8 million respectively.