China, Malta and Netherlands remain top three investors during Jul-Nov FY21
MG News | December 17, 2020 at 12:27 PM GMT+05:00
December 17, 2020 (MLN): The net Direct Foreign Investment (FDI) in Pakistan has been recorded negative (-$16 million) in November 2020, as China and Norway withdrew $78.4 million and $55.8 million from the country respectively.
However, the country attracted $192.4 million of net FDI in the corresponding month of the last fiscal year.
Cumulatively, during July-November FY21 the country attracted $717.1 million of net FDI, with China, Malta and Netherlands appeared as the top three investors in Pakistan with net FDI of $253.9 million, $92.6 million and $87.6 million respectively.
The FDI from China was 3.3times higher in July- November FY21, compared to the net inflows of $76.5 million in the same period of FY20. While the inflows from Malta did not witness any change when compared to the inflows during Jul-Nov FY20. The inflows from Netherlands jumped by 182% YoY compared to the net FDI of $31 million recorded during 5MFY20.
On the other hand, investors from the UAE showed a largest disinvestment of $35 million during 5MFY21 which was 8% higher than the disinvestment observed in the corresponding period of last year.
Other important investors were the Hongkong, UK and US with a net FDI of $57.4 million, $46.4 million and $36.3 million respectively. The Inflows from Hongkong surged by 8% compared to Jul-Nov FY20 while the inflows from UK and US recorded a decline of 3% and 1% YoY in 5MFY21.
Moreover, Foreign Portfolio Investment (FPI), which represents an investment in the equity market has shown a negative picture, as net FPI outflows during the period under review stood at $327.8 million compared to the inflows of $1.15 billion recorded in the same period last year. The UK emerged as the biggest withdrawal of portfolio investment during the period, as it withdrew $149.3 million during 5MFY21, followed by the US with $105.8 million.
Meanwhile, UAE appeared as the largest contributor in portfolio investment with $95.4 million.
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