What was the 2005 FDI figure for Pakistan and whats the projection in the coming years?
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I think this year it is projected at $3.6B..
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Yes, thats what I read, which made me ask what was it in 2005?
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$1.5B for 2004-05 fiscal year according to government figures.
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It was around $3b for the last fiscal year. Next FY's projection is at $5b.
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Lahore, do you have a source for those figures? Thanks
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ahmadjee, what do you mean by 2005? 2004-2005 or 2005-2006? For 2004-2005 FDI was almost 1.5 B. K is right.
http://www.pakboi.gov.pk/Biz_Guide/investment_indicators.html
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Pakistan's fiscal year ends in July?
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It reached $3.02 billion in the first 10 mths of the financial year (July 2005 - April 2006).
http://in.news.yahoo.com/060524/43/64i27.html
The year end total (July 2005 - June 2006) is likely to touch around $3.5 billion, which is what was projected in last year’s (2005) budget.
http://www.dailytimes.com.pk/default.asp?page=2006%5C06%5C19%5Cstory_19-6-2006_pg7_9
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Great. Thanks Guys.
Can someone tell me mainly in which sector this FDI has been directed? Manufacturing? Real Estate? etc.
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A big chunk is from privatization sell offs, I don't know if that should ne included personally. There is a bit of spin about the rest I believe the import of cars is counted as manufacturing?
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Zakk, the reason I am interested is that according to last weeks TIME India had 8~9 Bn dollars in FDI. If Pakistan even had 3.5 Bn $, then Pakistan's growth rate with respect to the GDP should be more than 8% this year.
Thats how growth rate is measured, right? %age increase in GDP?
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These figures are certainly good and encouraging. However, I’m not sure if this really will have any impact for the masses. Yes, we are getting more investment, and as Zakk says, much of this is related to privatization, while others maybe related to real estate, stock market etc., where people are finding that they can make a quick buck due to our current growth spurt.
But how does this apply to any substantive microeconomic development? Buy that I mean, are we producing more products? Are new manufacturing plants coming up? Is our IT services industry growing significantly? Is our agricultural sector expanding in new ways? Or is this new growth related only to the equity and debt market boom?
The economy cannot sustain long term growth based solely on economics indicators which in turn are based on high GDP growth. Not only are inflation pressures increasing, but unemployment has also increased (last figures I checked). We need to create a self sustaining industry like India as for example in the IT field or China in manufacturing. That is what has given these two countries real economic power and diplomatic clout. No one can seriously consider sanctioning India or China, because the whole global economy will suffer. We can’t say the same for Pakistan. If we are sanctioned, our economic boom will grow down the drain. And that is why we do not have real economic power to use in diplomacy.
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The above figures are much higher than the governments. What criteria are they using to measure FDI?
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Well, you gotta ask the finance minister. duh.
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Update.
The May 2006 figures have just been released, and FDI for the last financial year has now already reached $3.525 billion.
http://www.pakboi.gov.pk/fdi/foreign_direct_and_portfolio_i.html
When the final month’s (June) figures are released FDI is likely to have reached close to an impressive $4 billion for the last year. :k: