BEIJING – China continued to be the leading country in terms of ForeignDirect Investment (FDI) in Pakistan during the first half of the currentfiscal year from July to December 2019, said the State Bank of Pakistan onThursday.
According to a report released by the country’s central bank, Chinaretained its top position with a total investment of 501 million U.S.dollars during the said period.
Inflows of the FDI into Pakistan from China dropped over the last fewquarters, but the Chinese investment jumped to 336.4 million U.S. dollarsin December 2019.
Pakistan’s Minister of Planning, Development and Reform Asad Umar said lastmonth that the second phase of the China-Pakistan Economic Corridor (CPEC)would bring billions of dollars as foreign investment, especially fromChina, for industrialization, agriculture and socio-economic development inPakistan.
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Norway appeared as the second leading investor in Pakistan with aninvestment of 318.5 million U.S. dollars during July-December 2019 followedby Malta that invested 111.1 million U.S. dollars during the said period.
The data revealed that the overall net FDI into Pakistan increased by 68.3percent to 1.341 billion U.S. dollars during the first half of the currentfiscal year as compared to 796.8 million U.S. dollars in the same period ofthe last fiscal year, said the central bank.
