Technology is being fast adopted and over 45% of bank branches are connected with head office, along side growth in ATMs, debit and credit cards. Foreign investment is flowing in. Economic activity has and will be further boosted by efficiency gains once the full impact of foreign investment is realized after the completion of projects financed by FDI.
During FY04-06, Pakistan has cumulatively attracted $ billion foreign investment flows – 26.5% was sale proceeds of public assets and 49.2% from FDI, with remaining coming from foreign portfolio investment. These foreign inflows have come into banking, telecom and oil and gas sectors primarily. Prospects are that Pakistan will attract about $ billion in FY07 – an all time high annual flow.