Norway tops FDI in Pakistan in May, China leads in 11MFY23

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MG News | June 20, 2023 at 10:12 AM GMT+05:00

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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

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