Pakistan FDI jumps 60.8pc in July: SBP

Pakistan FDI jumps 60.8pc in July: SBP

(WEB NEWS)

The Foreign Direct Investment (FDI) in Pakistan reached up to $114.3 million during July 2020, as compared to the net inflow of $71.1mn recorded during July 2019, showing an increase of $43.2mn or 60.8 percent.

According to the State Bank of Pakistan (SBP) latest data, foreign private investment of $41.1mn was made in July 2020 as compared to $105mn made in the same period last year. Whereas, foreign investment in the public sector stood at $66.1mn in July 2020 as compared to nil recorded in the same period last year.

According to the SBP, China was the biggest investor with $27.1mn in July 2020, as compared to the net outflow of $17.4mn it invested in the same period last year.

Malta was the second-largest investor with net FDI of $18.5mn during July, as compared with a net investment of $18.5mn observed during the same period last year. Netherlands was third on the list with a net FDI of $17.9mn.

Whereas, outflows of $39.4mn were sent to the United States and outflows of $21.8mn were sent to the United Kingdom in July 2020.

Sector-wise, major FDI in Pakistan came in Electrical Machinery of $29mn followed by Financial Business of $24mn and Communications Sector with net FDI of $22mn in July 2020.

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