FDI IN PAKISTAN REACHED US$2.096 BILLION IN 7-MONTHS'07
Mar 26 - Apr 01, 2007
A major upsurge has been observed in terms of Foreign Direct Investment (FDI) during the period of seven months (July '06-Jan '07) which has risen to US$2.096 billion showing a significant increase of 70.86 % as compared to US$1.2267 billion last year. FDI for the month of Jan '07 stood at US$226.4million, a decline by 42.48% compared to US$393.6 million Dec '06.
FDI INVESTMENT - SECTORS CONTRIBUTION
The major influx came in the financial business sector with US $ 553.6 mn 26.4% of total FDI investment in Pakistan during the period of seven months (July 06-Jan 07). Pakistan used to be an agro based economy which has now shifted towards the service sector. There has also been a flood of the foreign direct investment has been witnessed in the communication sector. Recently China Mobile has declared an accord with Millicom International to purchase 88.86% stakes of Paktel with an enterprise value of US$460 million. Paktel is the 5th largest GSM providers in Pakistan.
Apprehended below rest of the major contributed FDI sectors (Ranked Wise):
Oil & Gas Exploration
FDI INVESTMENT - PEAK COUNTRIES
The United States maintained the lead position in the list of top investing countries with 24.5% share. The share of other major investing countries goes to Britain - 23.3%, the United Arab Emirates-14.1% and Switzerland- 6.2%