Updated at 1200 PST Friday, October 15, 2010
KARACHI: Net foreign investment in Pakistan fell 28.5 percent to $455.1 million in the first three months of the fiscal year 2010/11, compared with $636.1 million in the same period last year, the central bank said on Friday.
Out of the total foreign investment, foreign direct investment fell 9.5 percent in July and September to $387.4 million, from $427.9 million in the same period last year, the State Bank of Pakistan said.
Foreign portfolio investment fell 67.5 percent to $67.7 million in the first quarter ending Sept. 30, compared with $208.2 million in the same period last year.
A shaky security situation, with a Taliban insurgency in the country's northwest, coupled with chronic power shortages, has put off investors, analysts say.
Out of the total foreign investment, foreign direct investment fell 9.5 percent in July and September to $387.4 million, from $427.9 million in the same period last year, the State Bank of Pakistan said.
Foreign portfolio investment fell 67.5 percent to $67.7 million in the first quarter ending Sept. 30, compared with $208.2 million in the same period last year.
A shaky security situation, with a Taliban insurgency in the country's northwest, coupled with chronic power shortages, has put off investors, analysts say.
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