Foreign investment more than doubles in July to March period

China took the lead in the foreign investment bracket in Pakistan and poured around 630 million during the first nine months of the current fiscal year surpassing all the countries investment numbers.
According to summary of foreign investment released by the State Bank of Pakistan Monday, the foreign investment during July to March period recorded an increase of 116 percent to 2.232 billion dollars as compared to 1.031 billion dollars of the same period last year.
The foreign investment was up due to floatation of one billion dollars bonds and 455 million dollars from Netherland, buying Engro Foods during the fiscal year.
Foreign direct investment rose by 12.4 percent to 1.601 billion dollars up from 1.425 billion dollars of the same period corresponding year, the central bank said.
China was top runner with an investment of 630 million dollars arriving mainly for the development under China Pakistan Economic Corridor, while at second position it was 455 million dollars parked from Netherlands, while from France total investment was around 161 million dollars, while from Turkey the investment was to the tune of 133 million dollars after Acerlik bought stakes in Dawlance.