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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Pakistani FY09/10 foreign investment falls 19.7 pct Reuters - Thursday, July 15 Send IM Story Print KARACHI, July 14 - Net foreign investment in Pakistan fell 19.7 percent to $2.14 billion in fiscal year 2009/10, compared with $2.66 billion the previous year, the central bank said on Wednesday. Out of total foreign investment, foreign direct investment fell 40.7 percent to $2.20 billion in the July to June period, from $3.72 billion the previous year, the State Bank of Pakistan said. A worsening security situation, with a Taliban insurgency in the country's northwest, coupled with chronic power shortages, has put off investors, analysts say. There was a net outflow of $64.5 million in fiscal year 2009/10, compared with a net outflow of $1.05 billion the previous year. Exchange authorities imposed a floor on the Karachi Stock Exchange benchmark index in August 2008 as political uncertainity and economic and security worries drained investor confidence. The floor was removed in December 2008. An International Monetary Fund emergency loan package agreed to in November 2008 helped Pakistan avert a balance of payments crisis and shore up reserves. It received the fifth tranche of $1.13 billion of the IMF loan of $10.66 billion in May. (For more Reuters coverage of Afghanistan and Pakistan, see: http://www.reuters.com/news/globalcoverage/afghanistanpakistan) Recommend Send IM Story Print Related Articles IMF urges Japan to act soon to rein in public debt Reuters - 21 minutes ago US-BUSINESS Summary Reuters - 22 minutes ago U.S. advisers say keep GSK's Avandia on market Reuters - 22 minutes ago US advisers say keep GSK's Avandia on market Reuters - 24 minutes ago Autos and gasoline drag retail sales lower in June Reuters - 26 minutes ago News Search Top Stories Experts urge US to restrict drug Avandia US Fed weighs new measures as recovery falters Avandia increases risk of heart problems: panel Libyan aid ship set to dock at Egyptian port Rapid weight loss best way to slim down: studies More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Mel Gibson takes aim at Hispanics in fresh rant Penelope Cruz, Javier Bardem tie the knot 'Abducted' Iran scientist surfaces in US Obama vows to cut HIV cases with new AIDS strategy US trade deficit widens to 18-month high More Most Viewed » Reclusive top mathematician turns down prize, again Germany's 'Octopus oracle' keeps perfect record Amputee cat gets bionic legs Fans gather for Michael Jackson death anniversary Who's right - the dolphin or the octopus? More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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