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bank1KARACHI: Net foreign direct investment into Pakistan in the eight months that ended in February declined 9.7 percent from a year earlier to $504.4 million according to State Bank of Pakistan data.

Between last July and February, there was an inflow of $1.405 billion and an outflow was $900.7 million, the central bank said.

In the year earlier period, there was an inflow $1.424 billion and outflow of $865.8 million.

During February, net foreign direct investment fell to $13.8 million from $35.4 million a year earlier.

Earlier this month, the country director of the Asian Development Bank, Werner Liepach said Pakistan has reached a critical balance of payments situation and will need another package from the International Monetary Fund before the end of the year to avert a crisis.

Copyright Reuters, 2013


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln