September 18, 2020 (MLN): Norway emerged as the largest investor in Pakistan in August 2020, with a total direct investment of $45 million, followed by the Netherlands and Malta who invested $21.3 million and $18.5 million respectively, according to SBP data issued.
Cumulatively, during July-August FY21, Norway, Netherlands and Malta appeared as the top three investors in Pakistan with net FDI of $45 million, $39.6 million and $37 million respectively.
The FDI from Norway and Netherland were significantly higher in July-August FY21, compared to the inflows of $0.1 million and $3.7 million in the same period of FY20.
On the other hand, China which has been the largest investor in Pakistan for the past several years, withdrew $36.7 million during Jul-Aug FY21 against the inflows of $43.4 million.
Other important investors were the UK, Hongkong and US with a net FDI of $18.6 million, $15.6 million and $14.9 million respectively. The Inflows from UK and Hongkong surged by 7% and 240% compared to Jul-Aug FY20 while the inflows from US recorded a decline of 28% in 2MFY21.
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 $16.5 million. The US emerged as the biggest withdrawal of portfolio investment during the month, as it withdrew $53.3 million during 2MFY21, followed by the UK with $51.4 million.
UAE appeared as the largest contributor in portfolio investment with $37.7 million.
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