China leads FDI in Pakistan with net inflow of $130m in Aug
MG News | September 18, 2024 at 08:49 PM GMT+05:00
September 18, 2024 (MLN): China emerged as the largest investor in Pakistan during August 2024, with a net direct investment of $129.62m, according to the data issued by the State Bank of Pakistan (SBP).
This was followed by the Hongkong and United Kingdom which invested $27.73m and $21.24m respectively.
During the first two months of the fiscal year 2024-25, China also remained the largest investor, with net FDI of $174.69m.
It held a share of 49.9% of total direct investments in the country during, and investment from the respective country increased substantially by 202.8% when compared with the figure of $57.69m in 2MFY24.
This was followed by Hongkong and the United Kingdom with net FDI of $70.18m and $43.51m respectively, during 2MFY25.
It is pertinent to note that the total FDI in 2MFY25 stood at $350.26m, up 55.5% compared to FDI of $225.2m in 2MFY24.
Hong Kong’s contribution in net FDI stood at $70.18m (20.0%) in 2MFY25, up by 21.65% compared to $57.69m in SPLY.
The third major investor during the first two months fo the current fiscal year was United Kingdom with a share of 12.4%. Its direct investment stood at $43.51m, an increase of 10.7% compared to a year ago.
Other major important investors were the United States, France and Others with a net FDI of $22.73m, $13.45m, and $10.33m respectively during 2MFY25.
The Foreign Portfolio Investment (FPI), which represents an investment in the equity market (both direct and indirect) during August stood at negative $65.8m.
On a cumulative basis, FPI showed an investment of $102.89m during 2MFY25, against an investment of $26.75m in the SPLY.
The total foreign investment in the review month clocked in at $148.16m.
On a cumulative basis, within 2MFY25, total foreign investment was reported at $453.15m as compared to foreign investment of $251.96m incurred in the corresponding period last year.
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