Energy crises keep foreign investment under pressure

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ISLAMABAD: State Bank of Pakistan statics revealed that foreign direct investment not increase even by one percent in early 9 months of the current fiscal year.

As compare to previous fiscal year’s initial 9 months, direct foreign investment increased by 20.6 percent and reached to 1.89 billion dollars, while capital outflows increased by 37.5 percent and reached to 1.18 billion dollars.

Pure FDI remained 71.1 crore dollars in the current fiscal year. Experts said that energy crises was the basic reason for decreasing foreign investment.

United State of America, China and UAE remained prominent in initial 9 months of the current fiscal year, in connection with foreign investment.

China invested 17 crore and 83 lakh dollars, UAE16 crore 33 lakh dollars, USA 17 crore 53 lakh dollars in the current fiscal year.