December 18, 2019 (MLN): Norway has emerged as the first largest foreign direct investor in Pakistan during Jul-Nov FY20, with investments pegged at about $334 million.
According to the latest data published by State Bank of Pakistan (SBP), Net FDI from Norway stood at $70.3 million in the month of November 2019.
China came at second as its net foreign direct investment in Pakistan was recorded at $141.9 million, showing a robust growth of 47% due to its new and ongoing projects i.e. China-Pakistan Economic Corridor (CPEC) in Pakistan. Its total direct investment into the country valued at $19.9 million during November 2019.
Next in line is the United Kingdom, the cumulative amount of investment from the United Kingdom stood at $65 million, declined by 34%YoY during Jul-Nov FY20, against a total of $99.4 million worth of investment in the same period of FY19. Net inflows from the United Kingdom clocked in at $9.1 million during November 2019.
While net FDI from Malaysia, Japan and the United States witnessed $35.5 million, $33.4 million and $32.8 million during Jul-Nov FY20.
Speaking of net Foreign Portfolio investment (FPI) particularly, the United Kingdom emerged as the biggest source of portfolio investment in Jul-Nov FY20 as it recorded at $35.7 million. Hong Kong emerged as the second-biggest source of net FPI with $14 million during Jul-Nov FY20.
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