Experienced Government did it Once Again : Foreign Direct Investement falls 24pc in July-Oct

[Pak1stani]

FDI falls 24pc in July-Oct

KARACHI: Foreign direct investment (FDI) fell 24 per cent year-on-year to $350.8 million during the four months to October, the State Bank of Pakistan said on Tuesday.

What is more worrying was the size of overall foreign private investment which fell by 67pc in the same period since the portfolio investment witnessed a net outflow of $144m.

FDI from China stood at $272m, or 78pc of the total amount received during JulyOctober. The investment pattern reflects government`s failure to attract foreign investment despite a relatively peaceful environment in the country.

The outflows of $144m portfolio investment cut size the overall foreign private investments to just $206m, lower than Chinese investment. Overall private investments were $630m during the four-month period of last fiscal year.

The government`s economic team seems to have pinned all its hopes on Chinese investment, leaving other options for improvement.The country largely depends on borrowed foreign exchange, something heavily criticised by independent economists.

Warnings were issued that increased borrowing would compel the country to borrow more to pay back the debts with interest.

Many reports by analysts have indicated that the debt servicing would be much higher during this fiscal year compared to the preceding year due to maturity of some debts.

The government paid about $5.5 billion as debt servicing in FY15 and $6.9bn in FY14.

The impact of debt servicing is visible on the exchange rate. The rupee has been depreciating against the US dollar despite record foreign exchange reserves held by Pakistan.

The reserves may even cross $20bn with more borrowing from international donors, but the exchange rate trend indicates that the local currency, which has been forcibly held at the current level, would still remain under pressure. The rupee has lost about 4.5pc since the beginning of the fiscal year.

Pakistan receives lowest FDI in the region which affects its economic image in the world.

http://epaper.dawn.com/DetailImage.php?StoryImage=18_11_2015_010_010

 

[Pak1stani]

Re: Patwaris did it Once Again : Foreign Direct Investement falls 24pc in July-Oct

Investment going down, debt going Up.

Punjab PM minister busy in debt driven mega projects only in Punjab which will be paid by all of Pakistan.

 

[GeoG]

Re: Patwaris did it Once Again : Foreign Direct Investement falls 24pc in July-Oct

Pyaray Self Appointed Chaprassi
No Tagging, why ????
Don't a p.oti Head need more for the head.... hhhh

 

[Pak1stani]

Re: Patwaris did it Once Again : Foreign Direct Investement falls 24pc in July-Oct

Hey Patwari, see, how fast you perform your licking and cleaning duty. At least you should say thanks for making you respond in second to clean and lick noora filth (bigsmile)

Pyaray Self Appointed Chaprassi
No Tagging, why ????
Don't a p.oti Head need more for the head.... hhhh

 

[GeoG]

Re: Patwaris did it Once Again : Foreign Direct Investement falls 24pc in July-Oct

Hey Patwari, see, how fast you perform your licking and cleaning duty. At least you should say thanks for making you respond in second to clean and lick noora filth (bigsmile)

Hey Chaprassi
Back to your job and we will give you lot to eat ....(bigsmile)

 

[Pak1stani]

Re: Patwaris did it Once Again : Foreign Direct Investement falls 24pc in July-Oct

Now start your licking and clean this Noora filth. Lets see how good you can clean it. :P

Hey Chaprassi
Back to your job and we will give you lot to eat ....(bigsmile)

 

[GeoG]

Re: Patwaris did it Once Again : Foreign Direct Investement falls 24pc in July-Oct

Bad for business?: K-P loses out on foreign investment as CM declines visit to China


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Bad for business?: K-P loses out on foreign investment as CM declines visit to China

By Basar Ali / Baseer Qalandar

Published: September 5, 2014

2,706SHARES

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K-P Chief Minister Pervez Khattak. PHOTO: APP

PESHAWAR: Khyber-Pakhtunkhwas struggling economy took a hit last week when none other than the provinces chief executive reportedly bowed out of a visit to China, arranged by the Chinese government to discuss investment in various sectors across all provinces.

A senior official of the CMs Secretariat told The Express Tribune the federal government contacted Chief Minister Pervez Khattak on August 29 to get a confirmation from him regarding the visit.
The CM declined to be part of the delegation, citing a personal matter.
A few weeks ago the Chinese government had decided to invite Prime Minister Nawaz Sharif and the CMs of K-P, Balochistan, Sindh and Punjab to visit the country and discuss investment opportunities.
While the chief executives of the other provinces accepted the invitation and went on to sign various memorandums of understanding (MoU) with Chinese investors, the CM of Khyber-Pakhtunkhwa stayed behind, missing out on important economic opportunities for his province.
Missing out
The CMs Secretariat official said Khattak declined the invitation not because of a personal matter but to be a part of the protest, his party, the Pakistan Tehreek-e-Insaf, has been holding in Islamabad for over two weeks now.
In the visit, Sindh CM Qaim Ali Shah signed three MoUs with Chinese transport companies. One of the memorandums was about establishing a mass transit train project in the mega city of Karachi, while two others were about transport projects in Sindh.
Moreover, an agreement was signed between Punjab CM Shahbaz Sharif and the Chinese government to train doctors and paramedical staff in Beijing. Under the three-year initiative, China will bear the expenses of travel, accommodation, food and other facilities availed by Pakistani medical staff being trained in China.
Opportunity lost
As the two CMs garnered praise from political parties and businessmen for the development projects, K-P CM Khattak came under criticism for letting go of the opportunity.
The chief minister is duty-bound to protect the deteriorating financial system of the province, said K-P Chamber of Commerce and Industries (KPCCI) President Zahidullah Shinwari.
Foreign investment in hydropower, tourism, oil and gas as well as mineral sectors can earn millions in revenue for the province, but the governments non-serious attitude is keeping investors out, said Shinwari.
The government is busy with irrelevant priorities and has failed to attract foreign investment, he added.
Shinwari claimed PTI General Secretary Jahangir Tareen and stalwart Asad Umar intervene in provincial economic matters and advise on economic policies.
Awami National Party (ANP) parliamentary leader in the K-P Assembly Sardar Hussain Babak also criticised the PTI-led provincial government for being involved in a tussle with the central government and ignoring the province.
For the past 10 years, K-P has been facing increasing militancy and financial problems, said Babak. Ignoring an opportunity to secure foreign investment is an injustice to the people who gave their mandate to the PTI.
Jamiat Ulema-e-Islam- Fazl (JUI-F) MPA Maulana Mufti Fazal Ghafoor said because of PTIs internal issues, the matters of the province were being ignored.

Taking a stand
How can the CM go for [an international] visit with a government which they are agitating against? questioned K-P Minister for Information and Higher Education Mushtaq Ghani. I think if CM Khattak had gone to China with the federal government, it would give a bad impression as the PTI is unhappy with the Centre.
The Centre wanted to take the K-P CM to keep him busy there but, Ghani argued, its not a matter of concern if the K-P government missed out on the trip.
Ghani said he did not know what the CMs personal reason might have been but it was not in the PTIs favour for the CM to go to China.
We will welcome China each time and respect them and will keep relations with them but at the moment its an internal issue with the central government, he said.

 

[Pak1stani]

Re: Patwaris did it Once Again : Foreign Direct Investement falls 24pc in July-Oct

Thanks to Punjab PM who focuses only on debt driven punjab centric projects.

And yes as Usual Patwaris response. IK ne KPK main kiya kar liya.

That's not your fault but breaking Akhroot with heads causes problem of understanding who is mainly responsible for the FDI.

And even if KPK (less than 20% of Pakistan) misses on FDI why rest of Pakistan under Patwaris didn't see any FDI improvement despite Running Federal and provincial Govts?

Bad for business?: K-P loses out on foreign investment as CM declines visit to China


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Bad for business?: K-P loses out on foreign investment as CM declines visit to China

By Basar Ali / Baseer Qalandar

Published: September 5, 2014

2,706SHARES

Share Tweet Email

K-P Chief Minister Pervez Khattak. PHOTO: APP

PESHAWAR: Khyber-Pakhtunkhwa’s struggling economy took a hit last week when none other than the province’s chief executive reportedly bowed out of a visit to China, arranged by the Chinese government to discuss investment in various sectors across all provinces.

A senior official of the CM’s Secretariat told The Express Tribune the federal government contacted Chief Minister Pervez Khattak on August 29 to get a confirmation from him regarding the visit.
The CM declined to be part of the delegation, citing a personal matter.
A few weeks ago the Chinese government had decided to invite Prime Minister Nawaz Sharif and the CMs of K-P, Balochistan, Sindh and Punjab to visit the country and discuss investment opportunities.
While the chief executives of the other provinces accepted the invitation and went on to sign various memorandums of understanding (MoU) with Chinese investors, the CM of Khyber-Pakhtunkhwa stayed behind, missing out on important economic opportunities for his province.
Missing out
The CM’s Secretariat official said Khattak declined the invitation not because of a personal matter but to be a part of the protest, his party, the Pakistan Tehreek-e-Insaf, has been holding in Islamabad for over two weeks now.
In the visit, Sindh CM Qaim Ali Shah signed three MoU’s with Chinese transport companies. One of the memorandums was about establishing a mass transit train project in the mega city of Karachi, while two others were about transport projects in Sindh.
Moreover, an agreement was signed between Punjab CM Shahbaz Sharif and the Chinese government to train doctors and paramedical staff in Beijing. Under the three-year initiative, China will bear the expenses of travel, accommodation, food and other facilities availed by Pakistani medical staff being trained in China.
Opportunity lost
As the two CMs garnered praise from political parties and businessmen for the development projects, K-P CM Khattak came under criticism for letting go of the opportunity.
“The chief minister is duty-bound to protect the deteriorating financial system of the province,” said K-P Chamber of Commerce and Industries (KPCCI) President Zahidullah Shinwari.
Foreign investment in hydropower, tourism, oil and gas as well as mineral sectors can earn millions in revenue for the province, but the government’s non-serious attitude is keeping investors out, said Shinwari.
The government is busy with irrelevant priorities and has failed to attract foreign investment, he added.
Shinwari claimed PTI General Secretary Jahangir Tareen and stalwart Asad Umar intervene in provincial economic matters and advise on economic policies.
Awami National Party (ANP) parliamentary leader in the K-P Assembly Sardar Hussain Babak also criticised the PTI-led provincial government for being involved in a tussle with the central government and ignoring the province.
“For the past 10 years, K-P has been facing increasing militancy and financial problems,” said Babak. “Ignoring an opportunity to secure foreign investment is an injustice to the people who gave their mandate to the PTI.”
Jamiat Ulema-e-Islam- Fazl (JUI-F) MPA Maulana Mufti Fazal Ghafoor said because of PTI’s internal issues, the matters of the province were being ignored.

Taking a stand
“How can the CM go for [an international] visit with a government which they are agitating against?” questioned K-P Minister for Information and Higher Education Mushtaq Ghani. “I think if CM Khattak had gone to China with the federal government, it would give a bad impression as the PTI is unhappy with the Centre.”
The Centre wanted to take the K-P CM to keep him busy there but, Ghani argued, it’s not a matter of concern if the K-P government missed out on the trip.
Ghani said he did not know what the CM’s personal reason might have been but it was not in the PTI’s favour for the CM to go to China.
“We will welcome China each time and respect them and will keep relations with them but at the moment it’s an internal issue with the central government,” he said.

 

[ualis]

Re: Patwaris did it Once Again : Foreign Direct Investement falls 24pc in July-Oct

Yeh GeoG geo ka ***** lagta hay jo kay nooray ka kapoora hay:lol:

 

[ptilover788]

Re: Patwaris did it Once Again : Foreign Direct Investement falls 24pc in July-Oct

patwari khottoo kay dimagh mein aqal kahan...jahil leader r inkay jahil patwari

 

[chandaa]

They have experience in looting the country. The MUNSHI was a money launderer of SHAR brothers.

 

[Ali Farooq]

Re: Patwaris did it Once Again : Foreign Direct Investement falls 24pc in July-Oct

Pyaray Self Appointed Chaprassi
No Tagging, why ????
Don't a p.oti Head need more for the head.... hhhh

I think one of these days you will get banned like GujjarPakistani for trolling. So please just take my this post as a brotherly suggestion and stop this. You seem like a sensible person and this kind of doesn't suit you.