ISLAMABAD (APP) - The total foreign investment in Pakistan during the first eleven months of the current fiscal year witnessed a decrease of 37.2 per cent as it was recorded at $ 3943.3 million. The total foreign investment in the country was recorded at $ 6280.6 million in the corresponding period of the last year, official sources in the Ministry of Finance said. However, the Foreign Direct Investment (FDI) amounted to $ 3881.1 million from July to May, 2007-08 as against $ 4520.1 million in the corresponding period of last year, showing a decrease of 14.1 per cent. According to the sources, despite several internal shocks, Pakistan succeeded in attracting $ 3.8 billion FDI in the first eleven months (July-May) of the current fiscal year - almost $ 640 million less than the extra-ordinary performance of last year. Approximately $ 800 million FDI in financial business has been transacted in May 2008 which includes a $ 680 million Maybank strategic investment in MCB bank and a $ 100 million investment by Barclays bank, reflecting continued investor's confidence in Pakistan's economy, the sources added. The year is likely to end with a respectable amount of FDI sources said adding that despite misperception on different issues created by the Western print and electronic media about Pakistan, the FDI from the United States has registered a handsome growth of 54.2 per cent - rising from $ 794.3 million to 1224.8 million dollars during the first eleven months of the current fiscal year. The total portfolio investment registered an inflow of $ 45.4 million as against an inflow of $ 1107.1 million during last year's July- May. This deceleration in portfolio investment can be attributed to various factors including sub-prime mortgage issue that created excessive volatility in equity market globally and forced investors to reduce their exposure in emerging markets, including Pakistan. The US has been the single largest investor in Pakistan, accounting for 31.5 per cent of the total FDI in the July - May 2008 followed by UAE (14.3 per cent), UK (11.0 per cent), Norway (5.7%), Switzerland (4.0 per cent), Hong Kong (3.5 per cent), Oman (3.1 per cent), Netherlands (2.9 per cent) and so on. Communications along with financial businesses have been the major attraction for foreign investors in Pakistan, accounting for 32.9 per cent and 22.7 per cent respectively, followed by energy sector (oil & gas, petroleum refining and power) (17.6 per cent), trade (3.8 per cent), cement (2.5 per cent), personal services and transport equipment (automobiles) 2.2 per cent each.