Pakistan attracts $57.5 million FDI from Norway in May’20

News Image

MG News | June 19, 2020 at 08:19 PM GMT+05:00

0:00

June 19, 2020 (MLN): Pakistan witnessed a total foreign investment of $9.4 million in the month of May’20 after observing disinvestment for the past two months consecutively.

This increase in foreign investment is mainly attributable to gradual lift of the lockdown and recovery of global economies, resulting in opening up investment avenues.

According to the data released by State Bank of Pakistan (SBP), Norway, Malta, Netherland, Switzerland, and the UK came as 5 top investors in Pakistan in May’20.  Unfortunately, China, UAE divested during the said period.

Norway has been the top investor as its net direct investment into Pakistan amounted to $57.5 million in the month of May, whereas decent investment came from Malta with $18.5 million, followed by Netherland with $15.3 million, Switzerland with $13.6 million and the UK with $10.1 million.

The economies which took a big hit amid COVID-19 pandemic even showed some confidence and invested in Pakistan. Investors from Germany showed a small investment of $3.3 million during the month, followed by Italy with $2.5 million whereas the US brought a net direct investment of $2.2 million.

Shockingly, China showed the largest disinvestment of $22.2 million during the month, followed by UAE investors that pulled out $5.3 million from Pakistan during May’20.

Cumulatively, during Jul-May FY20, Pakistan witnessed a total foreign investment of $1.87 billion compared to the divestment of $132.6 million recorded in the corresponding period of last year.

During Jul-May FY20, Chinese investors invested a net of $855.3 million, which is 8.40 times higher than an investment of $101.7 million made by China in Pakistan soil, followed by Norway with the net amount of $346 million, showing a three-fold rise in investment in Pakistan when compared to Jul-May FY19.

On the other hand, Foreign Portfolio Investment (FPI), which represents an investment in the equity market painted a negative picture, as net FPI outflows during the month stood at $110.6 million in May 2020. The United States emerged as the biggest withdrawal of portfolio investment during the month, as it withdrew $22.5 million during May’20.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 154,439.68
241.10M
-1.09%
-1701.56
ALLSHR 94,668.16
984.91M
-0.80%
-765.63
KSE30 47,119.91
93.25M
-1.26%
-600.63
KMI30 226,125.72
147.15M
-1.17%
-2674.34
KMIALLSHR 63,569.05
456.03M
-0.92%
-592.28
BKTi 41,622.83
56.72M
-1.28%
-538.80
OGTi 31,488.79
10.15M
-1.08%
-344.95
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,850.00 117,320.00
114,850.00
1920.00
1.67%
BRENT CRUDE 66.88 68.17
65.71
0.51
0.77%
RICHARDS BAY COAL MONTHLY 84.00 84.00
84.00
-1.90
-2.21%
ROTTERDAM COAL MONTHLY 93.00 93.25
92.75
0.00
0.00%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 62.60 63.98
61.69
0.23
0.37%
SUGAR #11 WORLD 15.81 15.87
15.67
-0.01
-0.06%

Chart of the Day


Latest News
September 13, 2025 at 08:42 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


September 13, 2025 at 05:13 PM GMT+05:00

Wheat prices break past official ceilings


September 12, 2025 at 06:41 PM GMT+05:00

CCP approves AZT Foundation’s acquisition of Route2Health



Top 5 things to watch in this week

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