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.