Decline of over 60.8 percent in foreign direct investment (FDI) in first month of the fiscal year 2011-12 is alarming and point of concern for entire nation, said Ali Raza Saeed Shah, President Rawalpindi Chamber of Commerce and Industry (RCCI) here on Tuesday.
"Deteriorating law and order situation and energy crisis are the major factors of FDI fall, which will have negative impacts on country's economic structure", RCCI President said this while addressing the ambassadors of 12 countries, Member of Parliament and businessmen community of the twin cities at an Iftar dinner organised by the RCCI.
International community should take stock of matter and help Pakistan to come out of the current situation by investment, Ali Raza said, adding that foreign investment in industrial, energy and infrastructure will help Pakistan strengthen its economy and meet the challenges.
He said that government is not sincere to resolves the problems of masses, as not a single step is being taken to this effect. He said that energy crisis has destroyed industrial sector and overall the national economy and government didn't even try to resolve the issue. Ali Raza urged the Ambassadors and High Commissioners to play their role to bring the investors in Pakistan.
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