China pours highest $696.5 mln as FDI during 8MFY20

News Image

MG News | March 17, 2020 at 02:19 PM GMT+05:00

0:00

March 17, 2020 (MLN): China has emerged as the leading investor by investing $696.5 million (net) as Direct Foreign Investment (FDI), most of which poured in Pakistan’s Power and Telecom sector under China-Pakistan Economic Corridor (CPEC) projects.

According to the latest data released by SBP, during Jul-Feb FY20 net FDI from China increased significantly by 129% YoY as it was $303.7 million (net) in Jul- Feb FY19.

Norway emerged as the second leading country with net FDI of $288.5 million in Jul-Feb FY20, which was 237 times higher compared to just $1.2 million in the same period of last year.

Meanwhile, inflows from Malta were recorded at $148.2 million during eight-month period of FY20 compared to outflow of $93.3 million in the last year.

Hongkong came at number four with net inflows of $105.8 million during the period under review compared to $91.3 million in the same period of last year. while UK brought in investments of $90.9 million (net) compared with $137.4 million in the corresponding period.

Sector-wise, the Power sector received the highest FDI of $575.6 million in the period under review compared to outflow of $294.5 million in the same period of last year.

This was followed by Communication sector where inflows were recorded at $471.8 million compared to outflow of $138.6 million in the previous year. The oil and gas exploration sector also emerged among the fastest growing sectors, witnessed inflow of $177 million compared to $222.5 million in the corresponding period of 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
July 18, 2025 at 07:21 PM GMT+05:00

Pakistan strengthens UK trade links


July 18, 2025 at 05:36 PM GMT+05:00

Pakistan, China set to advance agricultural innovation


July 18, 2025 at 05:10 PM GMT+05:00

PSX Closing Bell: Riding High, Ending Low



Top 5 things to watch in this week

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