Norway is on top of the FDI chart during Jul-Nov FY20

News Image

By MG News | December 18, 2019 at 01:01 PM GMT+05:00

0:00

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.

\"\"

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 116,167.47
196.19M
-3.21%
-3855.77
ALLSHR 72,520.45
592.09M
-3.25%
-2436.50
KSE30 35,407.35
91.90M
-3.08%
-1125.88
KMI30 169,941.57
107.37M
-4.34%
-7706.50
KMIALLSHR 49,473.13
343.03M
-3.77%
-1939.83
BKTi 29,738.38
20.43M
-1.40%
-423.47
OGTi 25,820.06
11.54M
-4.40%
-1188.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 105,335.00 106,185.00
103,850.00
2040.00
1.97%
BRENT CRUDE 68.90 69.45
68.23
-2.58
-3.61%
RICHARDS BAY COAL MONTHLY 88.00 0.00
0.00
-3.35
-3.67%
ROTTERDAM COAL MONTHLY 103.85 0.00
0.00
0.10
0.10%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.88 67.83
64.38
-2.63
-3.84%
SUGAR #11 WORLD 16.52 16.78
16.49
-0.05
-0.30%

Chart of the Day


Latest News

Top 5 things to watch in this week

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