Monday , June 24 2019
Home / Pakistan / FDI inflows at 5-month high with China leading the pack

FDI inflows at 5-month high with China leading the pack

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).

So far it is estimated that $20 billion have already been invested in Pakistan and China is still on the verge of taking Pakistan out of the economic shortfall. China will likely assist Pakistan build special economic zones (SEZs) which will help Pakistan flourish.

“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.

Check Also

KP govt allocates Rs62 billion

KP govt allocates Rs62 billion for development, prosperity of tribal districts

(Web Desk) – Khyber Pakhtunkhwa (KP) government has allocated Rs62 billion for development and prosperity …

Leave a Reply

Your email address will not be published. Required fields are marked *