AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

The landmark achievement of over $1 billion in foreign direct investment (FDI) has been successfully realised. The FDI figures for the period July 2004 to May 4, 2005 stood at $1,029.7 billion as compared to $902.8 million for the corresponding period of the previous year showing an increase of 15 percent.
President General Pervez Musharraf and Prime Minister Shaukat Aziz at a meeting here on Wednesday expressed satisfaction that the FDI in the country had crossed $1 billion mark during the first 11 months of 200-4-05.
The major sectors, which attracted sizeable FDI during this period, are financial business ($214.1 million), oil & gas ($189.6 million), communications ($171.7 million), power generation ($67.4 million), and chemicals ($40.5 million).
The USA retained the lead position in the list of top investing countries with 24.7 percent share. The share of other major investing countries comes to UK 15.9 percent, Switzerland 13.2 percent, UAE 7.5 percent, Japan 4.0 percent, Netherlands 3.4 percent and others 31.3 percent.
In the previous year (2003-04) the $1 billion mark was missed only by 50 million dollars. This year the mark has been successfully crossed with one month still to go. The substantial increase in FDI is an indicator of the investors'' confidence and change of perception about Pakistan at the international level.
All this has been possible because of the consistent liberal policies of the government towards creating investor-friendly climate, investor facilitation; provision of level playing field and good governance.
The increased FDI is going to have a positive impact on overall growth, poverty alleviation and creation of more jobs.-PR

Copyright Business Recorder, 2005

Comments

Comments are closed.