Norway tops FDI chart in Jul-Nov FY20, China secures second spot

LAHORE: According to the data released by the State Bank of Pakistan during the period, July to November FY20, Norway has invested $334 million into the Pakistani economy, which is the highest among other investors for the period in review.

In the month of November alone, Net Foreign Direct Investment (Net FDI) from Norway stood at $70.3 million.

Chinese investment saw a growth of 47 per cent for the peirod under review with a total Net FDI of $141.9 million for new and ongoing projects under the China-Pakistan Economic Corridor (CPEC) in Pakistan, placing it at the second spot on the list. China’s total investment for the month of November stood at $19.9 million.

Meanwhile, investment from United Kingdom saw a decline of 34 per cent YoY with $65 million during July – November FY20, against $99.4 million last year. Investment from the United Kingdom for the month of November stood at $9.1 million.

Foreign investment from other Malaysia, Japan, and the United States stood at $35.5 million, $33.4 million and $32.8 million during July – November FY20, respectively.

Moreover, net Foreign Portfolio investment (FPI) saw United Kingdom at the top slot with Hong Kong securing the second spot with $35.7 million and $14 million, respectively during July – November FY20.

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