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Foreign Investment Grows 131 Per Cent in Pakistan - ASHARQ AL-AWSAT English Archive
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ISLAMABAD, Asharq Al-Awsat – Foreign investment in Pakistan registered 131 per cent increase during last fiscal year, ending on June 30, 2006, Minister for Privatisation and Investment Zahid Hamid told the Lower House of Parliament or National Assembly.

He said the foreign investment stood at $3,872.5 million compared to $1,676.6 million last year.

The minister said that during the last two years Information Technology sector attracted maximum foreign investment.

In 2004-05, $517.6 million were invested in this field, while during 2005-06 this figure reached $ 1937.7 million.

Hamid said that other sectors, which attracted foreign investment, included financial business, power, oil and gas exploration, trade and construction.

The minister informed the National Assembly that the countries, which invested in Pakistan included Saudi Arabia, the United States, United Kingdom, United Arab Emirates, Germany, France, Hong Kong, Norway, Japan, Canada, Netherlands, Korea, Singapore, China, Australia, Switzerland and others.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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