China remains the biggest investor in Pakistan during the first nine months of the financial year 2018 with an investment of $1.34 billion. Foreign Investment (FI) in the country touched $4.451 billion during this period. It was up by a massive 69% compared to same period last year.
This data was revealed by State Bank of Pakistan (SBP) in a report on foreign investments during the first nine months of fiscal year 2017-18. Data revealed that China ($1.34 billion) and USA ($614.4 million) are the biggest investors in Pakistan. On the other hand companies and investors from Australia, Bahrain, Egypt, Kuwait, UAE, Qatar, South Africa, Canada, Denmark, Luxemburg, Norway, Finland, Hong Kong have continued to withdraw their investments from Pakistan.
Foreign Investment has basically increased due to the sale of the Euro and Sukuk bonds, which is categorized under the fixed investment category. During the last nine months, the government sold $2.45 billion worth of bonds in the international market.
SBP data says that during Jul 2017 to Mar 2018, Foreign Direct Investment (FDI) amounts to $2.094 billion. During this period, FDI is up by 4.4% compared with same period last year. FDI witnessed $2.631 billion in inflows and $ 537 outflows during this period.
Outflows from the stock market continued during the last nine months but witnessed a slowdown. Between July-March FY 2018, the total outflow was $93.3 million compared to $346.3 million during the same period last year.