China has become the top investor in Pakistan with inflows increasing to $630 million by the end of third quarter of 2016-17, according to data released by State Bank of Pakistan (SBP). China beat Netherlands to grab the top spot.
The investment especially in real sector is coming from China in different sector related to power and infrastructure development in line with China Pakistan Economic Corridor (CPEC).
China is followed by Netherlands which invested $455 million in the Food Sector. The investment was landed as Foreign Private Investment by FrieslandCampina which acquired 51 percent shares in Engro Foods in recent months.
The transaction was recorded as the single largest private sector foreign direct investment (FDI) in Pakistan in recent years. Till last month, Netherlands stood as top investor in Pakistan in real sector.
France, Turkey and USA were among leading investors with inflows stand at $161 million, $133 million and $68.7 million.
There are countries which were recorded to do outflow of investment during nine months including Luxemburg with $261 million, UK with $121 million and Norway with $56 million.
FDI From Top Sectors
Food is the leading sector which witnessed inflows of $471 million during the nine months of financial year 2016-17. It is followed by Power Sector with $389 million, Electrical Machinery with $148 million, Electronics with $146 million and Oil and Gas Exploration Sector with $100 million.
Net Foreign Direct Investment
The Foreign Public Investment witnessed staggering growth to stand at $992 million through investment in Equity Securities and Debt Securities.
The net FDI including foreign private/public investment stood at $2.232 billion during July to March of FY17 as compared to previous financial year in which it stood at $1.031 billion, showing a staggering growth of 116 percent.
Good. Positive.
Luxemburg with $261 million?? what we are investing in there? strange…