Mettis Global News
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Mettis Global News
Mettis Global News

CPI Preview: Inflation to fall below 14% YoY in May

China leads FDI in Pakistan with net inflow of $154m in March

China leads FDI in Pakistan with net inflow of $177.37m in April
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April 22 2024 (MLN): China emerged as the largest investor in Pakistan in March 2024, with a net direct investment of $153.86m, followed by the Hongkong and United Kingdom which invested $29.5m and $22.58m respectively,according to the data issued by the State Bank of Pakistan (SBP).

During Jul-Jan FY24, Hongkong remained the largest investor, followed by China and the United Kingdom with net FDI of $264.04m, $261.92m, and $196.35m respectively.

It is pertinent to note that the total FDI in 9MFY24 stood at $1.1bn, down 9.69% YoY compared to FDI of $1.22bn in 9MFY23.

Hongkong held the majority proportion (24.03%) of direct investments in the country during 9MFY24, however, investment from the respective country has declined substantially by 52.49% YoY when compared with the figure of $555.73m in 9MFY23.

China’s contribution in net FDI stood at $261.92m (23.83%) in the 9MFY24, down by 52.87% YoY compared to $555.73m in SPLY.

The third major investor during 8MFY24, United Kingdom’s share was 17.87% with a direct investment of $196.35m, declining by 3.39% YoY.

Other major important investors were the United States, Netherlands and Singapore with a net FDI of $100.67m, $67.19m, and $62.08m respectively during 8MFY24.

The Foreign Portfolio Investment (FPI), which represents an investment in the equity market (both direct and indirect) during March stood at a positive $53.16m.

On a cumulative basis, FPI showed an investment of $164.95m during 8MFY24, against a divestment of $1.01bn in the SPLY.

The United States emerged as the biggest portfolio investor during the month, as it invested $9.7m during the month and $44.44m during 8MFY24.

The total foreign investment in the review month clocked in at $311.2m.

On a cumulative basis, within 9MFY24, total foreign investment was reported at $1.26bn as compared to foreign investment of $202.22m incurred in the corresponding period last year.

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Posted on: 2024-04-22T16:58:58+05:00