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Foreign investment to Pakistan more than doubles in nine months

SAMAA | - Posted: May 18, 2020 | Last Updated: 2 weeks ago
SAMAA |
Posted: May 18, 2020 | Last Updated: 2 weeks ago
Foreign investment to Pakistan more than doubles in nine months

A shoe market in Lahore as the lockdown was lifted and commerce started to limp back. Photo: Online

Net foreign direct investment (FDI) to Pakistan more than doubled to $2.28 billion this fiscal year (from July to March) and 46% of it came from China and Hong Kong, according to the statistics the State Bank of Pakistan published on Monday.
The net FDI (inflows minus outflows) to Pakistan was 127% or $1.2 billion more than what foreigners invested in the country during the same period of the previous fiscal year.
Norway ($288 million), Malta ($185 million), Netherlands ($108 million), and the UK ($111 million) were also among top five contributors to the country’s total net FDI.
Power and Oil and Gas Exploration remained the investors’ most favorite sectors, attracting more than a billion dollar or 45% of the total FDI. Financial Business, Communication and Electrical Machinery were other top sectors in terms of FDI.

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