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December 6, 2012

Foreign investment in Pakistan plummets: WB

 
December 6, 2012

KARACHI: The World Bank has revealed that foreign investment in Pakistan has declined by $4.13 billion during the four years of the present government. This was revealed in a fresh report — ‘World Investment and Political Risk’ — of the World Bank.
The report said that there was a continuous trend of decrease in foreign investment in Pakistan and a conspicuous decline was recorded in the tenure of the present government. It noted that $4.13 billion investment decrease has been recorded from 2008 to 2011.
The report said that $5.44 billion foreign investment was made in 2008 in Pakistan which is continuously falling, and had reduced to only $1.31 billion in 2011. According to the report, $5.59 billion foreign investment was made in Pakistan which is the biggest ever investment made in the country.
In 2009, the investment reduced to $2.34 billion which further reduced to $2.02 billion in 2010. The report said that the foreign investment had also declined in India, however, there is an upward trend now.

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