ISLAMABAD - Islamabad Chamber of Commerce and Industry (ICCI) has shown great concern over the sharp decline of more than 54 percent in Foreign Direct Investment (FDI) during the first seven months of the current fiscal year, which will put negative impact on the growth of economy. Chairing a meeting of businessmen, Zahid Maqbool, President ICCI, called upon the Government to take urgent remedial measures to reverse this trend for attracting more foreign investment in the country. It is worth mentioning here that FDI stood at US$1.17 billion in July - January period of current fiscal year, as compared to US$2.59 billion in same period of last fiscal year, 2008-09, registering a decline of US$1.42 billion. He said all key issues including power shortage, poor infrastructure, law & order situation should be tackled on priority basis as these factors have mostly contributed to the massive decline in the FDI. Zahid Maqbool said that Government can better cope with the problems of poverty, unemployment, fiscal deficits and slow pace of development by attracting investment as more FDI will create jobs, improve productivity, promote businesses, push up forex reserves and strengthen the economy. Businessmen said that Pakistan is a big market for producers and many sectors of the economy including oil & gas, power generation, agriculture, pharmaceutical, infrastructure development and offer lucrative investment opportunities to foreign investors. But due to prevailing situation, our country is not attracting desired level of investment in these sectors, they added.