FDI crosses $3 billion in first 10 months of 2005-06
KARACHI (updated on: May 23, 2006, 17:23 PST): Foreign Direct Investment (FDI) in Pakistan reached $3.02 billion in the first 10 months of the 2005/06 fiscal, led by inflows into the communications and energy industries and the financial sector, official figures show.

Data released by State Bank of Pakistan on Tuesday showed FDI for the July-April period rose from $891.5 million in the same period of the 2004/05 (July-June) fiscal year.

The communications sector attracted the most foreign investment in the period, $1.7 billion, followed by $310 million invested in the power industry, $290 million in the financial sector and $243 million in oil and gas exploration.

The sharp rise in investment in communications has mainly stemmed from the sale of a 26 percent stake in Pakistan Telecommunication Co. Ltd. to Dubai-based Emirates Telecommunications (Etislat).

The United Arab Emirates led the list of foreign investors with investment of $1.285 billion in the first 10 months of the year, followed by the United States with $419 million and Saudi Arabia with $274 million.

Inflows from foreign portfolio investment during the period were recorded at $356 million, up from $135.5 million in the first 10 months of 2004/05.

Mashallah!

Source : www.brecorder.com

i got one issue we are really happy we are getting 3 billion FDI and the main reason for dat is privatisation of public firms and maybe next year we mite get same or beta
but wat abt after that. we need companies investing in different areas setting up industries that will really help.

i got one issue we are really happy we are getting 3 billion FDI and the main reason for dat is privatisation of public firms and maybe next year we mite get same or beta
but wat abt after that. we need companies investing in different areas setting up industries that will really help.


It like let us fist Stand up on our legs from crawling. After that we are going to Walk and for the running Inshallah with the support and organization of all .. it is all gonna happen too.

But from crawling .. no kid has started running directly !

Mashallah UAE right now is making 90% of all multi story shopping complex's in Islamabad and Lahore.

Everything needs to be looked at being part of the big picture. The govt has a total of 6 to 7 billion dollars worth of privatization in the pipeline. And with the seriousness its pursuing its privitaztion campaign, the privatization receipts will be around $1.5 billion every year for the next few years.

All of this money is to improve govt's revenues so that it can spend more on improving infrastructure, develop better governance, improve citizen's standard of living and provide a continous environment for more investment. All such things overall contribute in bringing more economic activity to the country thus providing more job opportunities and making investors invest more to cash in on opportunities.

So the more sugar you add, the sweeter it gets. The next 10 years are critical for Pakistan's economic outlook. They require a steady stream of govt's cash in-flow for it to be able to execute all its development plans that are fundamental to any developed country.

And if the govt can keep the money coming and keep its spending in line with the budget then rest assured with the size of our population there will be tremendous amount of economic activity every year and tens of thousands of job openings. I said in another post also, I won't be surprised if Pakistan has to start importing labor from other countries in certain areas after 10 years.

http://www.nation.com.pk/daily/may-2006/24/index10.php


Foreign investment expands to $3.376b

BY JAVED MAHMOOD

LAHORE - The inflow of total foreign investment in Pakistan set a new precedent by hitting 3.376 billion dollars mark in 10 months of the current financial year, it was learnt on Tuesday.

The country has received 3.02 billion dollars foreign direct investment from July-April 2005-06 period while the inflow of portfolio investment amounted to 355.8 million dollars.

In percentage the inflow of total foreign investment is higher by 2.129 billion dollars, 238 per cent when compared to 1.027 billion dollars investment, the country had received during July-April 2004-05 period.
The foreign direct investment showed 228 per cent growth in 10 months of the current financial year over
the same period of last fiscal, when the country had received only 891million dollars.

The foreign investment at stock market also marked an impressive increase of 221pc in this fiscal.
In 2004-05 the stock market had received 135 million dollars portfolio investment from July-April period.

The UAE has emerged as the largest investor country in Pakistan in this fiscal.

The country has received 1.339 billion dollars worth total investment from UAE _ 1.284 billion dollars FDI and 55.1 million dollars portfolio investment.

United States, Saudi Arabia, Switzerland and United Kingdom remained the second, third and fourth largest investors, respectively.

Surprisingly, the stock market has received a hefty amount of 331.5 million dollars from the United States, which is more than 90 per cent of the total portfolio investment.

excellent news.

The building spree is better for us coz it leads to more jobs in that ranch and in cement and iron and wood industry.

Buying 26% stake in ptcl has not that many advantages for common people. Ofcourse the money will be spent on new projects but it is much limited as compared with the building industry and its offshoots.