Pakistan’s foreign investment more than doubles in nine months
Net foreign direct investment (FDI) in Pakistan more than doubled this fiscal year (from July to March) to $2.28 billion and 46 percent came from China and Hong Kong, according to statistics published on Monday by the State Bank of Pakistan.
Pakistan’s net FDI (inflows minus outflows) was 127 percent or $1.2 billion higher than what foreigners invested in the country in the same period of the previous fiscal year.
Norway ($288 million), Malta ($185 million), the Netherlands ($108 million) and the United Kingdom ($111 million) were all among the top five contributors to total net FDI in that country.
Power and Oil and Gas Exploration remained the most favorite sectors of investors, attracting more than $1 billion or 45 percent of total FDI. Other top sectors in terms of FDI were the financial industry, communications, and electrical machinery.