FDI from China surges 5.16x during Jul-Oct FY21

MG News | November 16, 2020 at 01:26 PM GMT+05:00
November 16, 2020 (MLN): China emerged as the largest direct foreign investor in Pakistan during October 2020, with a net direct investment of $228.7 million, followed by the Malta and Japan who invested $18.5 million and $17.4 million net respectively, according to SBP data issued.
Cumulatively, during July-October FY21, China, Malta and Netherland appeared as the top three investors in Pakistan with net FDI of $332.3 million, $74.1 million and $51.5 million respectively.
The FDI from China was 5.16 times higher in July- October FY21, compared to the net inflows of $64.3 million in the same period of FY20. While the inflows from Malta did not witness any change when compared to the inflows during Jul-Oct FY20. The inflows from Netherland jumped by 129% YoY compared to the net FDI of $22.5 million recorded during 4MFY20.
On the other hand, investors from the UAE showed a largest disinvestment of $29.8 million during 4MFY21 which was 18% higher than the disinvestment observed in the corresponding period of last year.
Other important investors were the Hongkong, UK and Norway with a net FDI of $46.4 million, $36.9 million and $29.2 million respectively. The Inflows from Hongkong surged by 25% compared to Jul-Oct FY20 while the inflows from UK and Norway recorded a decline of 5% and 88% YoY in 4MFY21.
Moreover, Foreign Portfolio Investment (FPI), which represents an investment in the equity market shown a negative picture, as net FPI outflows during the period under review stood at $307.5 million compared to the inflows of $452.3 million recorded in the same period last year. The UK emerged as the biggest withdrawal of portfolio investment during the period, as it withdrew $106.6 million during 4MFY21, followed by the US with $88.1 million.
Meanwhile, UAE appeared as the largest contributor in portfolio investment with $69.2 million.
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