Gov’t promoting ease of doing business with reforms in investment regime: Hafeez Shaikh

News Image

MG News | November 17, 2020 at 05:44 PM GMT+05:00

0:00

November 17, 2020: Advisor to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh said Tuesday that the government was promoting ease of doing business with reforms in investment regime to further strengthen investors’ confidence.

In a tweet here the advisor said that the Foreign Direct Investment (FDI) has risen by 151% to $317.4 million in October 2020 compared to Oct 2019.

While during the first four months of the current fiscal year (July-Oct 2020) the FDI was recorded at $733.1million, 9.1% higher than same period last year during which it stood $672 .

“Foreign Direct Investment rises 151% to $317.4M in Oct 2020 compared to Oct 2019. In July-Oct 2020, FDI was $733.1M, 9.1% higher than same period last year. To further strengthen investors confidence, Govt is promoting ease of doing business with reforms in investment regime,” the advisor tweeted.

According to the latest figures of the State Bank of Pakistan, in absolute terms, the FDI into the country increased by $61.1 million during the first four months compared to the last year.

The major direct investments, during the period under review, were received from China, wherefrom the net investments were recorded at $332.3 million. The trend was followed by Malta with $74.1 million net FDI, Netherlands with $51.5 million and Honkong with $46.4 million.

The Sector-wise data showed the most of the investments coming in power sector, standing at $352.3 million followed financial business $118.5 million and oil and gas exploration at $83.1 million and electricity machinery $36.5 mln.

On year-on-year basis, the direct investment increased by 150 percent to $317.4  million during the month of October 2020 as compared to the investments of $126.5  million in the same month of 2019.

The major net inflows during the month were received from China standing at $64.3 million followed by Malta with $74.1 million, Honkong with $51.1 million and Malaysia $ 31.9 million.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

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