Business

Foreign investment increases by 44 percent in fiscal year

bank notes

ISLAMABAD: The net foreign investment in Pakistan has increased by more than 44 percent in the first seven months of the current fiscal year as compared with the corresponding period of preceding year.

A report published in a section of press quoting the State Bank of Pakistan (SBP) said net foreign investment stood at $1.18 billion between July and January 2010-11.

According to the report, net foreign portfolio investments increased by 176 per cent to reach $234.8 million. This bolstered total investment even though foreign direct investments dropped by 16 percent to $947 million.

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