Foreign direct investment in the country increased significantly during October, the SBP said

 

Foreign direct investment in the country increased significantly during October, the SBP said

Islamabad News Latest - APP November 24, 2020: Foreign direct investment (FDI) in the country increased significantly during October 2020 compared to the previous 10 months. During October 2020, the volume of FDI increased to 7 317.4 million, while during October 2019, Pakistan received 6 126.5 million in foreign direct investment.

According to a State Bank of Pakistan (SBP) report, foreign investment in power generation, 3G and 4G mobile internet and oil and gas exploration sectors during October 2020 led to a significant increase in FDI. Is. According to the report, foreign direct investment in the power sector during October 2020 amounted to 75% of the total FDI, ie 23 239 million.

According to the SBP, China's investment in October 2019 was .3 64.3 million, which increased to 2 332.3 million in October 2020. Similarly, Dutch FDI rose to 51 51.5 million from 22 22.5 million. Malta's investment remained unchanged at .1 74.1 million. On the other hand, UK FDI fell to .9 36.9 million from 38 38.9 million, but foreign direct investment from Hong Kong rose to .4 46.4 million from 37 37.2 million.