By Farhan Sharif
Nov. 18 (Bloomberg) -- Overseas direct investment into Pakistan dropped 53.2 percent in the first four months of the fiscal year that started July 1, the central bank said.
Investment in July-October period fell to $621.8 million from $1.33 billion a year ago, according to an e-mailed statement from the Karachi-based State Bank of Pakistan. Global funds bought $288.4 million more Pakistani stocks than they sold in the four months, compared with net sales of $173.9 million a year earlier, the central bank said.
Pakistan needs overseas investment to (To read the full article, click here).
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