More Good News – Foreign Investment Rises

The other day I listed suggested that, as many problems as the society faces, there is still some good news and reasons not to give up on Pakistan yet. One of these reasons related to the economy, which, while struggling, is actually improving though perhaps more slowly than we would like. I noted at the time that exports registered a phenomenal growth of 42 percent during the month of February. It turns out this was not an accident.

A new report by Reuters shows that net foreign investment has sharply increased this year also.

Net foreign investment in Pakistan rose 27 percent to $1.23 billion in the first eight months of the 2010/11 fiscal year, because of a sharp rise in foreign portfolio investment, the central bank said on Tuesday.

This is a clear sign that, even if we love to beat up on our own country, foreign investors see Pakistan’s promise.

Author: Mahmood Adeel

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Author: Mahmood Adeel