In terms of Foreign Direct Investment (FDI) 2020-2021, China has consolidated its first position as topmost FDI country in Pakistan, according to a report published by Gwadar Pro on Sunday.
It poured $103.6m during the first quarter of FY21 in comparison to $55.4m last fiscal year. Meanwhile, Hong Kong also increased FDI to $38.4m during the first quarter compared to just $6.9m in the same period last fiscal year.
The data mentioned above has been released by State Bank of Pakistan (SBP). China’s FDI is proving as a breather for Pakistan as except China the rest of FDI’s outlook has presented a bleak outlook. As per SBP’s recent data, Foreign direct investment (FDI) into the Pakistan dropped 50.7 per cent year-on-year in September to $189 million against $383.5m last year.