Pakistan allured five-month high foreign direct investment (FDI) of $280 million in November 2018. And its all-seasoned friend China was the sole investor reflecting its belief in the country’s future.
In November 2017 it was around $239.5 and this year it rose by 17% hitting a new maximum.
China alone has invested net $249.1 million this month which constitutes to almost 89% of the total $280 million that Pakistan received in this month. State Bank of Pakistan reported that it invested the funds in Pakistan’s construction and power sector.
The neighbouring country China is reportedly investing $50 billion in roads and railway sector of Pakistan. Power sector is also being covered under the banner of the China-Pakistan Economic Corridor (CPEC), a part of its global belt and road initiative (BRI).
“The return of stability in rupee against the dollar is a must to attract foreign direct investment from other than China and other friendly countries,” analyst told the media.