All
 

 

Just in:  

You are here: Home»Top News»Pakistan Top News»Balance of payments situation critical in Pakistan: Liepach

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


 



 
Index Closing Chg%
Arrow DJIA 17,191.37 1.13
Arrow Nasdaq 4,638.00 0.93
Arrow S&P 2,002.16 1.35
Arrow FTSE 6,825.94 0.21
Arrow DAX 10,710.97 0.78
Arrow CAC-40 4,610.94 0.29
Arrow Nikkei 17,795.73 0.15
Arrow H.Seng 24,861.81 0.22
Arrow Sensex 29,559.18 0.04






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln