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 | 169,427.44 163.01M | -0.53% -903.12 |
| ALLSHR | 102,450.94 789.83M | -0.32% -325.06 |
| KSE30 | 50,457.84 73.20M | -0.55% -279.32 |
| KMI30 | 242,092.83 66.46M | -0.46% -1110.02 |
| KMIALLSHR | 66,542.58 386.25M | -0.11% -71.63 |
| BKTi | 45,970.73 25.03M | -0.74% -342.45 |
| OGTi | 34,855.07 3.01M | -0.60% -211.72 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 61,870.00 | 61,905.00 60,985.00 | -160.00 -0.26% |
| BRENT CRUDE | 94.47 | 94.80 90.77 | 3.02 3.30% |
| RICHARDS BAY COAL MONTHLY | 123.00 | 123.00 123.00 | 0.00 0.00% |
| ROTTERDAM COAL MONTHLY | 134.25 | 134.30 132.00 | 1.30 0.98% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 91.85 | 91.87 87.39 | 3.65 4.14% |
| SUGAR #11 WORLD | 13.91 | 14.10 13.86 | -0.17 -1.21% |
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 |
|---|
Central Government Debt