Foreign investment in the country is also showing upward trend on month-on-month basis. FDI surged by 32 percent to $133 million in April 2020 versus $101 million in April 2019. During the April FDI inflows were $175 million as against outflow of $42 million.

Country-wise analysis showed that China contributed some 38 percent share in overall investment arrived in the country. China is the largest investing country with an investment of $877 million during the first nine months of this fiscal year compared to $40 million in same period of last fiscal year

Norway stood second with an investment of $288 million mainly in telecommunication sector. While, Hong Kong ranked third with investment inflows of $189 million.

According to SBP portfolio investment remained stood negative with $183 million outflows during July-April of FY20.

Total foreign investment including FDI, portfolio investment and foreign public investment was $1.864 billion in July-April of FY20 compared to negative $402 million in same period of FY19, depicting an increase of 563 percent.

Copyright Business Recorder, 2020