China leads FDI in Pakistan with net inflow of $130m in Aug

News Image

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.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 170,341.26
128.16M
1.49%
2497.01
ALLSHR 102,630.89
256.36M
1.42%
1440.43
KSE30 51,079.41
65.86M
1.53%
771.40
KMI30 244,442.23
50.03M
1.41%
3401.06
KMIALLSHR 66,674.40
138.85M
1.38%
905.48
BKTi 46,806.98
24.37M
1.96%
901.81
OGTi 36,180.99
5.27M
1.75%
623.07
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,265.00 77,655.00
76,105.00
1490.00
1.97%
BRENT CRUDE 98.84 100.73
97.10
-4.70
-4.54%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-8.75
-7.37%
ROTTERDAM COAL MONTHLY 113.00 0.00
0.00
0.30
0.27%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 91.93 93.90
90.32
-4.67
-4.83%
SUGAR #11 WORLD 14.68 14.91
14.59
-0.22
-1.48%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg