Foreign investment in Pakistan approaches $1 billion

Foreign direct investment has doubled during the past three years, which is approaching $1 billion this year. Pakistan's Minister for Privatization and Investment stated this during a meeting with the visiting US delegation led by US Under Secretary of State, who called on him here on Monday.

According to a press release issued here by the Board of Investment, in a presentation to the delegation, the minister said that the consistency and continuity of economic, investment and privatization reform policies had started yielding results with stable exchange rate, 6.4 per cent GDP growth, best performing stock exchange in the region, while growth in the manufacturing sector was increasing to 15 per cent and the privatization process showing an increasing upward trend with Rs33 billion average per year…