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Net inflows from China surge by 89%YoY

February 20, 2019 (MLN): During seven months of the current fiscal year (FY20), the inflows of foreign investment into Pakistan have been utterly inspiring as it surged by a whopping 66% to $ 3.42 billion as compared to Jul-Jan FY19.

This rise in foreign investment was largely accredited to increased net inflows from China which rose by 89% YoY to $ 532.8 million during Jul-Jan FY20.

This was followed by Norway,  as the country fetched net direct investment of $288.5 million from Norway against the net divestment of $3.9 million recorded in the same period of last year.

Next in line is Malta, whose net inflows stood at $129 million against the net outflows of $81.6 million in Jul-Jan FY19.

Meanwhile, Hongkong appeared as the fourth largest investor with net inflows 90.9 million, while the UK also emerged as a notable investor, as it invested a net amount of $78.5 million against $123, depicting a decline of 36% YoY.

With regards to Portfolio Investment, which increased significantly to $1.86 billion during the period mentioned above against outflows of $408 million last year mainly due to attractive returns offered by Government securities particularly T-bills.

Copyright Mettis Link News

Posted on: 2020-02-18T12:15:00+05:00

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