FDI slid by 50% in FY12 to USD 812 million – Alfalah Securities Limited

Karachi, July 17, 2012 (PPI-OT): Pakistan’s Foreign Direct Investment (FDI) has by 50% to USD 812 million in FY12, as against USD 1.634 billion in FY11.

According to Alfalah Securities Limited, Pakistan received USD 233 million FDI from USA, USD 201 million from Italy, USD142 million from UK and USD 121 million from China while Switzerland and Hong Kong added USD 127 million and USD 80 million respectively. On the flip side Norway withdrew USD 275 million and Saudi Arabia withdrew USD 20 million. The decline in FDI is termed negative for the economic growth of the country and the balance of payment situation also deteriorates.