Norway tops FDI in Pakistan in May, China leads in 11MFY23
MG News | June 20, 2023 at 10:12 AM GMT+05:00
June 20, 2023 (MLN): Norway emerged as the largest investor in Pakistan in May 2023, with a total direct investment of $27.9 million, followed by China and U.A.E who invested $26.6m and $15.9m respectively, according to SBP data issued.
However, cumulatively, during July-May FY23, China remained the largest investor, followed by Japan and Switzerland with net FDI of $374.8m, $167.4m, and $140.2m respectively.
Meanwhile, cumulatively, Norway had a negative $37.2 million during Jul-May FY23.
The Inflows from China decreased by 12% YoY compared to Jul-May FY22, while the inflows from Switzerland and U.A.E recorded an increase of 5.69% YoY and 13.86% YoY in 11MFY21.
Other important investors were Hongkong, U.S., and Switzerland with a net FDI of $13.2m, $11.2m and $8.5m respectively during the month.
Moreover, Foreign Portfolio Investment (FPI), which represents an investment in the equity market showed a negative picture, as net FPI outflows during the period under review stood at $15.1m.
The US emerged as the biggest withdrawal of portfolio investment during the month, as it withdrew $2.2m during the month and $27.9m during 11MFY23, followed by the U.A.E with $2.1m during the month.
| Country | 11MFY23 | 11MFY22 |
|---|---|---|
| China | 374.8 | 425.7 |
| Japan | 167.4 | - 10.9 |
| Switzerland | 141.1 | 133.5 |
| U.A.E | 124.6 | 109.4 |
| United States | 110.2 | 112.6 |
| Hongkong | 90.0 | 148.1 |
| Netherlands | 68.4 | - 5.3 |
| France | 58.3 | 70.6 |
| United Kingdom | 53.6 | - 31.3 |
| Others | 110.0 | - 30.4 |
Amount in USD Million
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 170,498.95 314.82M | -1.01% -1733.57 |
| ALLSHR | 103,103.10 757.94M | -1.08% -1128.70 |
| KSE30 | 50,739.70 126.19M | -1.06% -544.11 |
| KMI30 | 244,205.17 97.93M | -1.06% -2620.36 |
| KMIALLSHR | 66,873.02 444.70M | -1.20% -810.61 |
| BKTi | 47,132.90 22.64M | -0.97% -463.02 |
| OGTi | 34,962.57 7.69M | -1.18% -418.33 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 83,415.00 | 84,635.00 82,850.00 | -1080.00 -1.28% |
| BRENT CRUDE | 105.17 | 106.50 101.83 | 2.09 2.03% |
| RICHARDS BAY COAL MONTHLY | 130.00 | 0.00 0.00 | 6.75 5.48% |
| ROTTERDAM COAL MONTHLY | 137.10 | 0.00 0.00 | -0.15 -0.11% |
| USD RBD PALM OLEIN | 1,228.00 | 1,228.00 1,228.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 93.79 | 94.69 91.23 | 1.63 1.77% |
| SUGAR #11 WORLD | 18.82 | 19.07 18.71 | 0.02 0.11% |
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 |
|---|
Monetary Aggregates (M3) - Monthly