The international media is so much obsessed with the high economic growths of China and India that they often forget Pakistan. Pakistani economy is growing fast too. One of the areas Pakistan is now having some good luck is the arrival of foreign direct investment (FDI). It’s nice to see that in July and August 2006, Pakistan had a 37.7% increase in FDI compared to the same months of last year. I am quoting from a report of Daily Times:
“Total Foreign Direct Investment in the country soared up by 37.7 percent in July-August 2006-07 to $407.3 million against $295.8 million last year. Foreign Direct Investment stood at $375.4.
“The instability in stock markets during the last few months was the main hurdle to foreign investment,” said an analyst. During the last few months the equity market has performed badly and its impact would continue for two to three weeks more, the analyst added.”
FDI came from the developed world and the developing countries. US and EU countries were the main investors. Pakistan government has been very aggressively pushing economic reforms to attract foreign investments and it seems that the policy is paying off.
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