Pakistan FDI inflows increase 56pc due to CPEC
Islamabad: A United Nations (UN) report entitled ‘World Investment Report 2017: Investment and the Digital Economy’ was published on Wednesday. According to the report, foreign direct investment inflows (FDI) into Pakistan rose by 56pc in 2016 largely due to investments from China under the China-Pakistan Economic Corridor (CPEC).
The report disclosed that South-Asia was the only sub-region to avoid a contraction in FDIs, and in fact registered an increase of 6pc to reach $54b. FDI inflows into India remained largely unchanged, registering an increase of 1pc from 2015 to reach $44b. Developing Asia which includes China, Singapore, India and Hong Kong was among the top 10 FDI economies of this region. The aforementioned region remains the 2nd largest recipient of FDI inflows globally.
China recorded a staggering increase in FDI outflows of 44pc to become the world’s second largest investor. The report cited that the total FDI flows to developing Asia recorded a fall of 15pc to reach $443b in 2016.