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foreign investment

Pakistan 10th biggest country in Asia for foreign investment

KARACHI: The amount of direct foreign investment in the services sector of Pakistan raised to $ 1.3 billion during last year. According to the Asian Economics Anti-Corruption Report of Asian Development Bank, Pakistan is currently the 10th biggest country in Asia in terms of direct foreign investment, Radio Pakistan reported. In March last year, Pakistan was ranked among the twenty-three most powerful countries in the world, according to US News and World Report which released the latest edition of its annual “Best…

Foreign investment in Pakistan has been worst in last four years: Asad Umar

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar on Friday said in the last 30 years foreign investment in Pakistan was the worst in the four years of the government of the Pakistan Muslim League-N (PML-N), ARY News reported. “Despite heavy investment by China under the China Pakistan Economic Corridor project, the overall foreign investment in Pakistan is less than what it was in Pakistan Peoples Party (PPP) chief Asif Ali Zardari’s government,” he claimed while talking to media after the federal budget speech…

Foreign investment increases by 44 percent in fiscal year

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…