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BUSINESS NEWS

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Foreign investment down


Net foreign investment inflows to Pakistan fell almost 30 per cent to $1.14 billion in the first four months of fiscal year 2008-09 (July-October).

Foreign private investment fell 30.17 per cent to $1.16 billion in the July to October period, compared with $1.66 billion in the corresponding period, the central bank said on its website.

Out of the total foreign investment inflow, foreign direct investment was worth $1.32 billion, up 0.15 per cent.

There was a $175.48 million outflow of foreign portfolio investment, compared with an inflow of $313.95 million in the corresponding period last year.

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