ISLAMABAD: Despite a global economic crisis caused due to the outbreak of COVID-19 pandemic, Pakistan’s Foreign Direct Investment (FDI) has jumped by 32% and recorded at $133.2 million in the month of April, announced the State Bank of Pakistan.
Various industries especially the ongoing projects in the telecommunication, power, and chemical sectors were the main areas where the multinational companies (MNCs) have poured in investments.
Even though China is a major investor in Pakistan, Pakistan experienced an influx of fresh FDI from new companies of various countries.
Hong Kong emerged as the largest investor with net FDI of $28.4 million in April 2020, followed by the Netherlands investing $24.5 million, the US with $22.5 million, Malta $18.5 million, and the UK investing $10.5 million.
A large sum of FDI recorded at $39.1 million was attracted by the oil and gas exploration sector in April 2020. The financial sector followed with $30.8 million in investments. The communication sector recorded investments at $20 million, the power sector $18.4 million, and chemical sector $14.9 million.
Investors are hopeful to revive economic activities to create a better economic environment with the lockdown slowly lifted and the government’s construction incentive package.
Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…
Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…
Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…
ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…
Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…
Amma Tower, located in the bustling area of Saddar in Karachi, is a unique blend…