Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

China leads FDI in Pakistan with net inflow of $81.89m in May

Progress underway on 30 MOUs signed during PM's China visit
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

June, 21 2024 (MLN): China emerged as the largest investor in Pakistan in May 2024, with a net direct investment of $81.89m, followed by the Saudi Arabia and United Kingdom which invested $73.7m and $24.55m respectively,according to the data issued by the State Bank of Pakistan (SBP).

During Jul-May FY24, China remained the largest investor, followed by Hongkong and the United Kingdom with net FDI of $521.18m, $322.02m, and $243.61m respectively.

It is pertinent to note that the total FDI in 11MFY24 stood at $1.73bn, up 14.9% YoY compared to FDI of $1.5bn in 11MFY23.

China held the majority proportion (30.15%) of direct investments in the country during 11MFY24, however, investment from the respective country has declined substantially by 19.21% YoY when compared with the figure of $645.11m in 11MFY23.

Hongkong’s contribution in net FDI stood at $322.02m (18.63%) in the 11MFY24, up by 38.8% YoY compared to $232m in SPLY.

The third major investor during 11MFY24, United Kingdom’s share was 14.09% with a direct investment of $243.61m, declining by 1.67% YoY.

Other major important investors were the United States, U.A.E and Singapore with a net FDI of $127.81m, $83.7m, and $75.61m respectively during 11MFY24.

The Foreign Portfolio Investment (FPI), which represents an investment in the equity market (both direct and indirect) during May stood at positive $240.46m.

On a cumulative basis, FPI showed an divestment of $558.13m during 11MFY24, against a divestment of $1.02bn in the SPLY.

The Others emerged as the biggest portfolio investor during the month, as it invested $15.17m during the month and $34.49m during 11MFY24.

The total foreign investment in the review month clocked in at $511.4m.

On a cumulative basis, within 11MFY24, total foreign investment was reported at $1.17bn as compared to foreign investment of $482.01m incurred in the corresponding period last year.

Copyright Mettis Link News

Posted on: 2024-06-21T18:50:21+05:00