{"id":59977,"date":"2020-01-17T10:50:17","date_gmt":"2020-01-17T10:50:17","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=59977"},"modified":"2020-01-17T13:04:28","modified_gmt":"2020-01-17T13:04:28","slug":"foreign-direct-investment-up-by-68-3","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/foreign-direct-investment-up-by-68-3.html","title":{"rendered":"Foreign direct investment up by 68.3%"},"content":{"rendered":"\n<p>Karachi: During the first half (July-December 2019) of the current fiscal year, foreign direct investment (FDI) in Pakistan increased by 68.3% to reach USD 1.34 billion; as compared to last year\u2019s figures of the corresponding period which amounted to USD 796.8 million \u2013 according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/banks-use-sbps-online-portal-submitting-foreign-exchange-cases.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Banks to use SBP\u2019s online portal for submitting foreign exchange cases (opens in a new tab)\">Banks to use SBP\u2019s online portal for submitting foreign exchange cases<\/a><\/p>\n\n\n\n<p>The sectors that invited a major chunk of these investments included telecommunication, power, and electronic machinery. According to the figures released by the State Bank of Pakistan (SBP), China (with USD 422.3 million direct and portfolio investment) and Norway (with USD 288.5 million investment) emerged as the top investing countries. Surprisingly, Malta also emerged among these top investing countries, with an investment of USD 111.1 million provided during the first half of the financial period.<\/p>\n\n\n\n<p>The<a href=\"https:\/\/www.zameen.com\/news\/foreign-direct-investments-surge-78-1.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" jump in FDI (opens in a new tab)\"> jump in FDI<\/a> was sparked by the one-off payment made by the telecommunication companies (Telenor, Zong and Warid) for licence renewal. The FDI in the telecommunication sector rose to USD 432 million in the first six months of FY 2019-20, compared to the USD 126.3 million outflow recorded in the corresponding period of last year.<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/foreign-exchange-reserves-register-19-month-high-sbp.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Foreign exchange reserves register 19-month high: SBP (opens in a new tab)\">Foreign exchange reserves register 19-month high: SBP<\/a><\/p>\n\n\n\n<p>The\npower sector investments went up by 41.6% (USD 289.7 million), with more than\nhalf sum (USD 153 million) invested in the coal-based power projects. <\/p>\n\n\n\n<p>The\nforeign public investment in the government debt papers (T-bills) reached USD\n452.2 million during the first six months, which is USD 1.822 billion higher\nthan the last year\u2019s figures (USD 377 million).<\/p>\n\n\n\n<p>Presently,\nthe central bank reserves are at a 21-month high.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: During the first half (July-December 2019) of the current fiscal year, foreign direct investment (FDI) in Pakistan increased by 68.3% to reach USD 1.34 billion; as compared to last year\u2019s figures of the corresponding period which amounted to USD 796.8 million \u2013 according to news sources. Read: Banks to use SBP\u2019s online portal for submitting foreign exchange cases The sectors that invited a major chunk of these investments included telecommunication, power, and electronic machinery. According to the figures released by the State Bank of Pakistan (SBP), China (with USD 422.3 million direct and portfolio investment) and Norway (with USD 288.5 million investment) emerged as the top investing countries. Surprisingly, Malta also emerged among these top investing countries, with an investment of USD 111.1 million provided during the first half of the financial period. The jump in FDI was sparked by the one-off payment made by the telecommunication companies (Telenor, Zong and Warid) for licence renewal. The FDI in the telecommunication sector rose to USD 432 million in the first six months of FY 2019-20, compared to the USD 126.3 million outflow recorded in the corresponding period of last year. Read: Foreign exchange reserves register 19-month high: SBP The power&hellip;<\/p>\n","protected":false},"author":75,"featured_media":59986,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[4578,4295,2631],"persona":[],"class_list":{"0":"post-59977","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-fdi","9":"tag-foreign-investment","10":"tag-state-bank-of-pakistan","11":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan FDI increased by 68.3% in first half of 2019-20 - Zameen News<\/title>\n<meta name=\"description\" content=\"During the first half of current fiscal year, foreign direct investment (FDI) increased by 68.3% as compared to figures recorded during the last years\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/foreign-direct-investment-up-by-68-3.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan FDI increased by 68.3% in first half of 2019-20 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"During the first half of current fiscal year, foreign direct investment (FDI) increased by 68.3% as compared to figures recorded during the last years\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/foreign-direct-investment-up-by-68-3.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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