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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 July/August foreign investment falls 34.1 pct Reuters - Saturday, September 18 Send IM Story Print KARACHI, Sept 17 - Net foreign investment in Pakistan fell 34.1 percent to $267 million in the first two months of the fiscal year 2010/11, compared with $405.4 million in the same period last year, the central bank said on Friday. Out of the total foreign investment, foreign direct investment fell 50.2 percent in July and August to $171.4 million, from $344.5 million in the same period last 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 inflow of $95.6 million in the first two months of the 2010/11 fiscal year, compared with a net inflow of $60.9 million in the same period last year. An International Monetary Fund emergency loan package agreed 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 $11 billion in May and Pakistan and IMF authorities are going to meet in November to discuss the release of the sixth tranche. The IMF on Wednesday approved as expected $451 million in emergency funding for Pakistan to help the country rebuild from devastating floods. This was separate from the $11 billion IMF programme. (For more Reuters coverage of Afghanistan and Pakistan, see: http://www.reuters.com/places/pakistan) ((E-mail: sahar.ahmed@thomsonreuters.com; Reuters Messaging: sahar.ahmed.reuters.com@reuters.net; Karachi newsroom: +92-21 3568 5192)) (If you have a query or comment about this story, send an e-mail to news.feedback.asia@thomsonreuters.com) Recommend Send IM Story Print Related Articles US-BUSINESS Summary Reuters - 22 minutes ago Core CPI flat, deflation fears linger Reuters - 22 minutes ago Oracle lifts Nasdaq as options expiration arrives Reuters - 38 minutes ago US STOCKS-Oracle lifts Nasdaq as options expiration arrives Reuters - 39 minutes ago Funds pile into cotton; price soars to 15-yr peak Reuters - 40 minutes ago News Search Top Stories Busted well to be 'completely sealed' by Saturday: BP Eurozone trade deficit steady in July Denmark's TDC sells Swiss offshoot for 2.5 bln euros City, Liverpool win as Europa League gorges on goals US toughens demand for China currency action More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended UN scientists say ozone layer depletion has stopped Number of poor in US jumps to record 43.7 million City, Liverpool win as Europa League gorges on goals US toughens demand for China currency action Arctic sea ice melts to third lowest area on record More Most Viewed » Climate: New study slashes estimate of icecap loss US pastor puts Koran-burning on hold 'Time bomb' superbug requires global response: doctor Japanese rider Tomizawa dies in San Marino Moto2 GP Vitamin B 'could delay Alzheimer's onset' 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 Yahoo! News Network 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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