During the first month of this fiscal year (FY21), Foreign Direct Investment (FDI) reported 61% growth sponsored by Chinese inflows.
As per the State Bank of Pakistan, Pakistan’s fetched FDI stood at $114.3 million in July 2020 compared to $71.1 million in July 2019, showing a 60.8% increase or $43.2 million increase. FDI inflows were $169.1 million over the period under review, compared with outflows of $54.8 million.
The analysis report showed that most foreign investment inflows had arrived from three countries including China, Malta and the Netherlands. Such three countries contributed a share of around 55% of the overall FDI inflows that came during this fiscal year.
During the first month of this fiscal year, China’s foreign direct investment during Pakistan rose to $27.1 million, compared to a negative growth of $17 million in the same period of the last fiscal year. During July 2020, Malta and the Netherlands had spent some $18.5 million and $18.2 million respectively.
Overall foreign investment in Pakistan including foreign direct investment, portfolio investment and foreign public investment, increased from $105 million in the same period last fiscal year by 2.2% to $107 million in July 2020.