China appears as a single heavy direct investor in Pakistan during 1HFY20

January 17, 2020 (MLN): China has appeared as the single heavy direct investor in Pakistan during 1HFY20, with investment valued at $422.5 million, acting as a catalyst to Pakistan’s economic reforms.

According to the latest data released by State Bank of Pakistan (SBP), inflows from China stood at $501 million, declined by 36% YoY when compared to the same period of FY19. China alone invested net $328.3 million in December 2019.

Norway came at second as its net foreign direct investment in Pakistan was recorded at $288.5 million during 1HFY20, showing the confidence in Pakistan’s current economic situation as it divested $9.1 million in 1HFY19.

Next in line is the Malta, its net direct investment into the country stood at $111.1 million in 1HFY20 against the divestment of $70 million in the same period last fiscal year. Its total direct investment into the country valued at $18.5 million during December 2019.

While net FDI from the United Kingdom, Hong Kong and Netherland witnessed $68.3 million, $57.1 million and $45 million respectively during 1HFY20.

Speaking of net Foreign Portfolio investment (FPI) particularly, the United Kingdom emerged as the biggest source of portfolio investment in 1HFY20 as it recorded at $21.8 million. Hong Kong emerged as the second-biggest source of net FPI with $12.7 million during 1HFY20.

Copyright Mettis Link News

Posted on: 2020-01-17T17:33:00+05:00

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