KARACHI, July 15 (Reuters) - Net foreign investment in Pakistan fell by more than half in the 2008/09 fiscal year that ended on June 30, as investors stayed away from the country amid rising security concerns and a weak global economy.
Net foreign investment fell 51 percent from a year earlier to $2.67 billion, the central bank said.
Out of total foreign investment, foreign direct investment (FDI) fell 31.2 percent to $3.72 billion, data posted on the State Bank of Pakistan's website (www.sbp.prg.pk) showed.
Foreign portfolio investment saw outflows of $1.05 billion, in sharp contrast with inflows of $2.67 billion in the previous fiscal year. That figure also includes outflows of $544.1 million for a maturing eurobond issued by the country earlier.
For more on this article, please click on the following link: Foreign investment in Pakistan plummets in 2008/09: Forbes
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