Foreign investment falls 65 percent in July-March

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Foreign investment into Pakistan fell nearly 65 percent to $516 million in the first nine months of 2011/12 fiscal year as direct investment dipped by almost half and fund flows turned negative, the central bank said on Wednesday.

Foreign investment totalled $1.46 billion in the same period last fiscal year, the State Bank of Pakistan said.

Foreign direct investment fell 48.2 percent to $599.1 million in the July-March period and portfolio investment turned negative by $83.1 million, State Bank pf Pakistan (SBP) said.