China, Netherlands, and Hongkong lead as top foreign investors during Jul-Feb FY21

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MG News | March 17, 2021 at 06:14 PM GMT+05:00

March 17, 2021 (MLN): The country attracted $1.3 billion of net FDI during July-Feb FY21, with China, Netherlands and Hongkong appeared as the top three investors in Pakistan with net FDI of $494 million, $117.8 million, and $106.3 million respectively.

In the month of February 2021, the country fetched $155 million worth of net foreign investment with China emerged as the largest direct foreign investor in Pakistan, with a net direct investment of $91 million, followed by UK and Germany who invested $11.5 million and $8.5 million net respectively, according to SBP data issued.

The FDI from China and Hongkong was 25% and 20% lower in July- February FY21, compared to the net inflows of $654.8 million and $134.3 million respectively in the same period of FY20. While the inflows from the Netherlands were 60% higher when compared to the inflows of $73.5 million during Jul-Feb FY20.

On the other hand, investors from Norway showed the largest disinvestment of $31.6 million during 8MFY21, however, during the corresponding period last year, the country invested $288.5 million as FDI.

Other important investors were the United Kingdom (UK), United States (US), and Malta with a net FDI of $95.4 million, $78.9 million, and $65.3 million respectively. The Inflows from the US and UK surged by 30% and 18% YoY respectively when compared to Jul-Feb FY20 while the inflows from Malta recorded a decline of 56% YoY in 8MFY21.

Moreover, Foreign Portfolio Investment (FPI), which represents an investment in the equity market has shown a negative picture, as net FPI outflows during the period under review stood at $388.5 million compared to the inflows of $2.13 billion recorded in the same period last year. The UK emerged as the biggest withdrawal of portfolio investment during the period, as it withdrew $180.5 million during 8MFY21, followed by the US with $138.3 million.

Meanwhile, UAE appeared as the largest contributor in portfolio investment with $111.5 million.

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