China leads FDI in Pakistan with net inflow of $177.37m in April

MG News | May 17, 2024 at 04:54 PM GMT+05:00
May 17, 2024 (MLN): China emerged as the largest investor in Pakistan in April 2024, with a net direct investment of $177.37 million, followed by the U.A.E and Canada which invested $51.93m and $51.89m respectively, according to the data issued by the State Bank of Pakistan (SBP).
During Jul-Apr FY24, the CPEC partner remained the largest investor, followed by Hongkong and the United Kingdom with net FDI of $439.29m, $297.92m, and $219.07m respectively.
It is pertinent to note that the total FDI in 10MFY24 stood at $1.46bn, up 8.08% YoY compared to FDI of $1.35bn in 10MFY23.
China held the majority proportion (30.13%) of direct investments in the country during 10MFY24, however, investment from the respective country has declined substantially by 27.23% YoY when compared with the figure of $603.67m in 10MFY23.
Hong Kong’s contribution in net FDI stood at $297.92m (20.44%) in the 10MFY24, up by 44.29% YoY compared to $206.47m in SPLY.
The third major investor during 10MFY24, United Kingdom’s share was 15.03% with a direct investment of $219.07m, declining by 2.98% YoY.
Other major important investors were the United States, U.A.E and Singapore with a net FDI of $116.05m, $79.67m, and $65.59m respectively during 10MFY24.
The Foreign Portfolio Investment (FPI), which represents an investment in the equity market (both direct and indirect) during April stood at negative $963.55m.
On a cumulative basis, FPI showed a divestment of $798.59m during 10MFY24, against a divestment of $1.01bn in the SPLY.
The United States emerged as the biggest portfolio investor during the month, as it invested $8.38m during the month and $52.82m during 10MFY24.
The total foreign divestment in the review month clocked in at $604.71m.
On a cumulative basis, within 10MFY24, total foreign investment was reported at $659.26m as compared to foreign investment of $341.39m incurred in the corresponding period last year.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 138,597.36 256.32M | -0.05% -68.14 |
ALLSHR | 85,286.16 608.38M | -0.48% -413.35 |
KSE30 | 42,340.81 77.13M | -0.03% -12.33 |
KMI30 | 193,554.51 76.19M | -0.83% -1627.52 |
KMIALLSHR | 55,946.05 305.11M | -0.79% -443.10 |
BKTi | 38,197.97 16.53M | -0.59% -225.01 |
OGTi | 27,457.35 6.73M | -0.94% -260.91 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 117,670.00 | 121,165.00 117,035.00 | -1620.00 -1.36% |
BRENT CRUDE | 69.23 | 70.77 69.14 | -0.29 -0.42% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
CRUDE OIL - WTI | 66.03 | 67.54 65.93 | -0.20 -0.30% |
SUGAR #11 WORLD | 16.79 | 17.02 16.71 | 0.05 0.30% |
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 |
---|