November 18, 2019 (MLN): With the revival of Foreign Direct Investment (FDI) in Pakistan, China emerged as the biggest investor in October, as its net FDI inflows into the country stood at US$ 18.9 million, according to the latest data published by State Bank of Pakistan (SBP).
China has been the top investors for a few months due to its new and ongoing China-Pakistan Economic Corridor (CPEC) projects in Pakistan.
While during Jul-Oct FY20, FDI from China stood at US$170 million, lower by 57% when compared to the corresponding period of last fiscal year.
Malta came at second as its net foreign investment (FDI plus FPI) in Pakistan was recorded at US$18.5 million. However, in July-Oct FY20, it divested US$16.5 million.
Next in line is the United States, its total investment into the country stood at US$15.4 million in October 2019. Whereas its net FDI inflows into the country during Jul-Oct FY20 witnessed a meagre decrease of 3.05% YoY to US$30.7 million as compared to US$ 31.7 million in Jul-Oct FY2019.
With regards to other countries, net FDI from the United Kingdom stood at US$11.1 million in October 2019. During the period of Jul-Oct FY20, net inflows from the UK was recorded at US$56.0, down by 35.5% YoY when compared to the same period of last fiscal year. While net FDI from Malaysia, Switzerland and the Netherlands witnessed US$8.8 million, US$8.7 million US$8.6 million in October 2019.
Speaking of net Foreign Portfolio investment (FPI) particularly, the United States emerged as the biggest source of portfolio investment in October 2019 as it recorded at US$7.1 million. UK emerged as the second-biggest source of net FPI with US$3.3 million in October 2019.
During the period of Jul-Oct FY20, UK appeared as the top investor in portfolio investment as it witnessed US$36.1 million in net FPI whereas it divested US$15.3 million in Jul-Oct FY19.
Hong Kong emerged as the second-biggest source of foreign portfolio investment with net FPI recorded at $13.8 million in Jul-Oct FY20.
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