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This is the kind of story that should really uplift all in Pakistan! If PTI has any role in this then well done to them
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Contact the PP Team
FDI - Foreign Direct Investment in Pakistan
- Thread starter Mian
- Start date
gazza619
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Excellent news. Haters might still find a reason to hate.
cricketInsight
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The article doesn't mention investment by Microsoft but the Gates foundation which is not a business but a charity organizaiton.
There is spending on the poor must be welcomed but it wont be business investment. If that is the case, it should not have much to do with PTI being the reason for it.
There is spending on the poor must be welcomed but it wont be business investment. If that is the case, it should not have much to do with PTI being the reason for it.
they do impact investing by the way read up abraaj capital and the bill and melinda healthcare fund
Bewal Express
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No they didnt, it was all done by NS and Maryam and Billo
Syed1
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There was a time in Pakistan when companies like Microsoft would directly hold recruitment events in Pakistani universities and take the best talents to work in their HQs. My two first cousins got hired this way from FAST and they have been working at Microsoft for the last 20-25 years rising to very high positions.
Can you even think about such a thing happening now?
Inshallah it will change for the better under the auspicious leadership of the great Khan. May the supporters of Noon and Pee keep burning.
Can you even think about such a thing happening now?
Inshallah it will change for the better under the auspicious leadership of the great Khan. May the supporters of Noon and Pee keep burning.
Angrez Pakistani
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Thank you Bill and Malinda. We'll take the charity. But if you want to do business with us, then chai paani kay baghair baat nai banaygi'.
Major
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funny how the thread turned political....
Syed1
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Yeah because companies like Microsoft were falling over each other trying to invest in Pakistan when your favourite Zardari and his partner in crime Nawaz were in power.
Major
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and im glad PPP didn't invest on economic growth.
Pakistan was facing hyper inflation at that time, and during such economic situation, going for growth is not the correct tool to be used
This news has nothing to do with Microsoft. Bill Gates left MS in 2006. He maybe a significant share holder, but has no say (other than informal adviser) in how the company expands / invests in various markets. Microsoft is headed by Sataya Nadella. Bill & Melinda Gates foundation is a non profit working on many health & education related initiatives across 3rd world.
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DUBAI: A record investment package being prepared by Saudi Arabia for Pakistan will likely provide welcome relief for its ‘cash-strapped’ brother country, while also addressing regional geopolitical challenges, analysts say.
At the heart of the investment is a reported $10 billion refinery and oil complex in the strategic Gwadar port on the Arabian Sea, the ultimate destination for the massive multibillion-dollar China Pakistan Economic Corridor (CPEC), which lies not far from the Indo-Iranian port of Chabahar.
Two Saudi sources have confirmed that heir apparent to the Gulf kingdom’s throne, Crown Prince Mohammed bin Salman, will visit Islamabad shortly, without giving a date.
And a number of major investment deals are expected to be signed during a visit, officials from both countries have told AFP.
Riyadh and Islamabad, decades-old allies, have been involved for months in talks to hammer out details of the deals in time for the high-profile visit.
“The outcome of the talks so far has been very positive and this is going to be one of the biggest-ever Saudi investments in Pakistan,” a senior finance ministry official said.
“We hope that an agreement to this effect will be signed during the upcoming visit of the Saudi crown prince to Pakistan,” said the official, requesting anonymity.
The Wall Street Journal reported last month that both Saudi Arabia and the United Arab Emirates (UAE), Islamabad’s biggest trading partner in the Middle East, have offered Prime Minister Imran Khan some $30 billion in investment and loans.
Riyadh investments are expected to provide a lifeline for Pakistan’s slumping economy which was downgraded in early February by S&P ratings agency from a B to a B-, Saudi economist Fadhl al Bouenain said.
“Saudi investment to Pakistan comes within an economic aid package aimed at relieving the stress of external debt and a shortage of foreign currency, besides boosting the sluggish economy,” Bouenain said.
The OPEC heavyweight also aims to achieve strategic and commercial goals with investments in infrastructure and refinery projects, he said.
Saudi Arabia and its Gulf partner, the UAE, have already deposited $3 billion each in the State Bank of Pakistan (SBP) to help resolve a balance of payments crisis and shore up its declining rupee.
‘Saudi investment highlights trust in Pakistan’s economy’
They have also reportedly deferred some $6 billion in oil imports payments as Islamabad has so far failed to secure fresh loans from the International Monetary Fund.
PM Imran has already visited Riyadh twice since taking office in July and in October attended a prestigious investment conference widely boycotted by other political and economic figures after the murder of journalist Jamal Khashoggi.
The premier also visited Saudi rivals Qatar and Turkey, as well as China seeking investments.
“One of the goals for Saudi Arabia expanding investments in refining worldwide is to secure market share and sustainable exports in the face of international competition,” Bouenain said.
Saudi Energy Minister Khalid al Falih visited Gwadar in January and inspected the site for the proposed oil refinery at the deep sea port, just 70 kilometres away from its Iranian competitor, Chabahar.
He was quoted by local media as saying the kingdom was studying plans to construct a $10 billion refinery and petrochemicals complex in Gwadar.
Like most oil suppliers, the world’s top crude exporter has been investing heavily in refinery and petrochemicals projects across the globe to secure long-term buyers of its oil.
Saudi Arabia keen to invest in renewable energy in Pakistan
A pipeline from Gwadar to China would cut the supply time from the current 40 days to just seven, experts say.
Developed as part of China’s Belt and Road Initiative with investments worth some $60 billion, Gwadar is being billed as a regional industrial hub of the future, easily accessible for Central Asia, Afghanistan, the Middle East and Africa.
“Pakistan needs a rich partner to enter as a third party besides China, capable of injecting needed cash,” Bouenain said.
But so far China has rejected other partners for the corridor that seeks to connect its western province Xinjiang with Gwadar, including Saudi Arabia and UAE, said James M Dorsey, a senior fellow at Singapore’s S. Rajaratnam School of International Studies.
This is despite calls by PM Imran “for the Chinese investments to be restructured to include agriculture and job-creation sectors and not only in infrastructure”, Dorsey said.
Any Saudi investment in Gwadar will also have geopolitical dimensions, Dorsey said.
Iran late last year inaugurated Chabahar which provides a key supply route to landlocked Afghanistan and allows India to bypass its historic enemy Pakistan.
India has seen Chabahar as a key way both to send supplies to Afghanistan and to step up trade with Central Asia as well as Africa.
But Riyadh is not expected to get involved in any Indo-Pakistani rivalry and the kingdom also has major strategic energy deals with New Delhi, where demand for oil is growing fast.
Indeed in April, the Saudis signed a $44 billion deal to build a huge refinery and petrochemicals complex in western India.
https://tribune.com.pk/story/190734...ent-deals-expected-crown-prince-salman-visit/
At the heart of the investment is a reported $10 billion refinery and oil complex in the strategic Gwadar port on the Arabian Sea, the ultimate destination for the massive multibillion-dollar China Pakistan Economic Corridor (CPEC), which lies not far from the Indo-Iranian port of Chabahar.
Two Saudi sources have confirmed that heir apparent to the Gulf kingdom’s throne, Crown Prince Mohammed bin Salman, will visit Islamabad shortly, without giving a date.
And a number of major investment deals are expected to be signed during a visit, officials from both countries have told AFP.
Riyadh and Islamabad, decades-old allies, have been involved for months in talks to hammer out details of the deals in time for the high-profile visit.
“The outcome of the talks so far has been very positive and this is going to be one of the biggest-ever Saudi investments in Pakistan,” a senior finance ministry official said.
“We hope that an agreement to this effect will be signed during the upcoming visit of the Saudi crown prince to Pakistan,” said the official, requesting anonymity.
The Wall Street Journal reported last month that both Saudi Arabia and the United Arab Emirates (UAE), Islamabad’s biggest trading partner in the Middle East, have offered Prime Minister Imran Khan some $30 billion in investment and loans.
Riyadh investments are expected to provide a lifeline for Pakistan’s slumping economy which was downgraded in early February by S&P ratings agency from a B to a B-, Saudi economist Fadhl al Bouenain said.
“Saudi investment to Pakistan comes within an economic aid package aimed at relieving the stress of external debt and a shortage of foreign currency, besides boosting the sluggish economy,” Bouenain said.
The OPEC heavyweight also aims to achieve strategic and commercial goals with investments in infrastructure and refinery projects, he said.
Saudi Arabia and its Gulf partner, the UAE, have already deposited $3 billion each in the State Bank of Pakistan (SBP) to help resolve a balance of payments crisis and shore up its declining rupee.
‘Saudi investment highlights trust in Pakistan’s economy’
They have also reportedly deferred some $6 billion in oil imports payments as Islamabad has so far failed to secure fresh loans from the International Monetary Fund.
PM Imran has already visited Riyadh twice since taking office in July and in October attended a prestigious investment conference widely boycotted by other political and economic figures after the murder of journalist Jamal Khashoggi.
The premier also visited Saudi rivals Qatar and Turkey, as well as China seeking investments.
“One of the goals for Saudi Arabia expanding investments in refining worldwide is to secure market share and sustainable exports in the face of international competition,” Bouenain said.
Saudi Energy Minister Khalid al Falih visited Gwadar in January and inspected the site for the proposed oil refinery at the deep sea port, just 70 kilometres away from its Iranian competitor, Chabahar.
He was quoted by local media as saying the kingdom was studying plans to construct a $10 billion refinery and petrochemicals complex in Gwadar.
Like most oil suppliers, the world’s top crude exporter has been investing heavily in refinery and petrochemicals projects across the globe to secure long-term buyers of its oil.
Saudi Arabia keen to invest in renewable energy in Pakistan
A pipeline from Gwadar to China would cut the supply time from the current 40 days to just seven, experts say.
Developed as part of China’s Belt and Road Initiative with investments worth some $60 billion, Gwadar is being billed as a regional industrial hub of the future, easily accessible for Central Asia, Afghanistan, the Middle East and Africa.
“Pakistan needs a rich partner to enter as a third party besides China, capable of injecting needed cash,” Bouenain said.
But so far China has rejected other partners for the corridor that seeks to connect its western province Xinjiang with Gwadar, including Saudi Arabia and UAE, said James M Dorsey, a senior fellow at Singapore’s S. Rajaratnam School of International Studies.
This is despite calls by PM Imran “for the Chinese investments to be restructured to include agriculture and job-creation sectors and not only in infrastructure”, Dorsey said.
Any Saudi investment in Gwadar will also have geopolitical dimensions, Dorsey said.
Iran late last year inaugurated Chabahar which provides a key supply route to landlocked Afghanistan and allows India to bypass its historic enemy Pakistan.
India has seen Chabahar as a key way both to send supplies to Afghanistan and to step up trade with Central Asia as well as Africa.
But Riyadh is not expected to get involved in any Indo-Pakistani rivalry and the kingdom also has major strategic energy deals with New Delhi, where demand for oil is growing fast.
Indeed in April, the Saudis signed a $44 billion deal to build a huge refinery and petrochemicals complex in western India.
https://tribune.com.pk/story/190734...ent-deals-expected-crown-prince-salman-visit/
Kashmir is India's "internal affair" , we should not be questioning how many thousand Kashmiri they kill, but they have all the right to raise concern over Saudi brutalities in Yemen.
jusarrived
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Hopefully Pakistan uses these investments smartly under IK .
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Saudi Arabia has pledged investment deals worth $20bn (£15.5bn) with Pakistan
Saudi Arabia has pledged investment deals worth $20bn (£15.5bn) with Pakistan which is seeking to bolster its fragile economy.
It comes as part of a high-profile Asian tour by the kingdom's Crown Prince Mohammed bin Salman.
Pakistan urgently needs to address a balance of payments crisis and is looking to international backers for support.
The deals include an $8bn oil refinery in the key port city of Gwadar.
The two sides signed several other provisional agreements and memorandums of understanding in the energy, petrochemicals and mining sectors, according to reports.
"It's big for phase one, and definitely it will grow every month and every year, and it will be beneficial to both countries," the crown prince said.
Pakistan is desperate for cash. The south Asian country's central bank has only $8bn left in foreign reserves and faces a balance of payments crisis.
Prime Minister Imran Khan has been seeking help from friendly countries in order to cut the size of the bailout package his country is likely to need from the International Monetary Fund, under very strict conditions.
The country is seeking its 13th bailout since the late 1980s and Saudi Arabia has already provided a $6bn loan.
Charm offensive
Pakistan is the first stop on an Asian tour by the crown prince, known as MBS. He is scheduled to be in India by Tuesday and will visit China on Thursday and Friday.
The prince is seeking to recast his international image in the wake of the Jamal Khashoggi affair. The journalist was murdered at the Saudi consulate in Istanbul in October.
Pakistan needs Saudi money to stave off a huge IMF bail-out - but this is not a one-way relationship
Against this backdrop, the current tour can be seen as a charm offensive by MBS, who is seeking to bolster relationships with dependable allies as he doles out cash, says the BBC's Abid Hussain.
While Pakistan stands to benefit from Saudi Arabia's largesse, the south Asian country is also important to the kingdom.
The two countries have a long-standing military relationship and the MBS visit comes at a time when geopolitics in the region are shifting - including concerns over the influence of Iran.
https://www.bbc.com/news/business-47274672
Saudi Arabia has pledged investment deals worth $20bn (£15.5bn) with Pakistan which is seeking to bolster its fragile economy.
It comes as part of a high-profile Asian tour by the kingdom's Crown Prince Mohammed bin Salman.
Pakistan urgently needs to address a balance of payments crisis and is looking to international backers for support.
The deals include an $8bn oil refinery in the key port city of Gwadar.
The two sides signed several other provisional agreements and memorandums of understanding in the energy, petrochemicals and mining sectors, according to reports.
"It's big for phase one, and definitely it will grow every month and every year, and it will be beneficial to both countries," the crown prince said.
Pakistan is desperate for cash. The south Asian country's central bank has only $8bn left in foreign reserves and faces a balance of payments crisis.
Prime Minister Imran Khan has been seeking help from friendly countries in order to cut the size of the bailout package his country is likely to need from the International Monetary Fund, under very strict conditions.
The country is seeking its 13th bailout since the late 1980s and Saudi Arabia has already provided a $6bn loan.
Charm offensive
Pakistan is the first stop on an Asian tour by the crown prince, known as MBS. He is scheduled to be in India by Tuesday and will visit China on Thursday and Friday.
The prince is seeking to recast his international image in the wake of the Jamal Khashoggi affair. The journalist was murdered at the Saudi consulate in Istanbul in October.
Pakistan needs Saudi money to stave off a huge IMF bail-out - but this is not a one-way relationship
Against this backdrop, the current tour can be seen as a charm offensive by MBS, who is seeking to bolster relationships with dependable allies as he doles out cash, says the BBC's Abid Hussain.
While Pakistan stands to benefit from Saudi Arabia's largesse, the south Asian country is also important to the kingdom.
The two countries have a long-standing military relationship and the MBS visit comes at a time when geopolitics in the region are shifting - including concerns over the influence of Iran.
https://www.bbc.com/news/business-47274672
Bewal Express
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Even if it's half whats promised- it will be a great start. Money coming in, creating high paid jobs and 1000's of support jobs. Well done IK and the PTI.
Slog
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Great day in Pakistan history
Aisi isolation sab ko milay
Aisi isolation sab ko milay
Major
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sooner or later we will be fighting their wars
Last edited by a moderator:
King-Misbah
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sooner or later we will be fighting their wars
Pakistan will only protect Saudia Arabia as a country and not fight its wars.
Asim_khan
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Which is exactly what Imran Khan said in an interview with Al-Arabiya.
But don't let that get in the way of bitter nooras and pppatwari upset that Imran Khan has done more for Pakistan in 6 months than their champions have done for their corrupt selves
http://english.alarabiya.net/en/fea...interview-with-Pakistan-s-PM-Imran-Khan.html#
saeed5646
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sooner or later we will be fighting their wars
This is not charity, this is investment: Saudi foreign minister
[https://tribune.com.pk/story/1913033/1-not-charity-investment-saudi-foreign-minister/
90MPH
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We need the investment but I’m wary of MBS especially his role of the journalist murder in Turkey.
He’s no reformer for Saudi Arabia.
He’s no reformer for Saudi Arabia.
Bewal Express
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I saw that, IK asking the Prince to humanely treat our workers and then we get an announcement that 2000 PK prisoners held for minor crimes released. Nooras have behaving disgustingly throughout the whole visit, and this shows that they are the enemies of PK. Btw Doc can 65 year old men have babies in PK? As the guy heading Medical commission for NS is a gynecologist?
Bewal Express
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This is a very difficult issue because The rest of the world including the richest country in the world wants to be his best friend, can PK afford to be choosy?
The journalist murder is a minor matter; the war in Yemen, willingness to give up Jerusalem (stopped only by the King), and arrest and potential execution of even moderate clerics and women activists are all much worse
Mamoon
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sooner or later we will be fighting their wars
The Prince has launched a bid to buy Manchester United for £5 billion. It appears that Pakistan is worth three football clubs. Manchester United will play football for his pleasure while we will fight for his pleasure.
IAJ
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Has he bought the whole of Pakistan? And let’s go by your dumb theory, what happened to China’s part?
Mamoon
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The Chinese are obviously unhappy with this arrangement. Moreover, Pakistan has also opened a front with Iran now. A storm is brewing and the usual role of mercenaries will not help Pakistan. We must ensure that we will not fight Saudi's war, but I am not hopeful.
IAJ
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If Imran and his advisors play the cards smartly they can get deals from Iran as well. Pak need to look at it’s own interests first. Stay friend with all 3.
Stick to medical doctor sahab politics and economics tum say nahi hogee. This is an FDI in a certain specific industrial sector which will benifit both nations it does not equal to buying a stake or share of that country unlike a football club investment where you hold ownership stakes in that club
Bewal Express
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It's seems that the only person more unhappy than anyone is you. From carping about the cost of the visit( which was paid for by the Saudis) to anything you can find, which is basically repeating Noora and Ind propoganda( enemies of PK on the same page). The plan of Nooras was always obvious to anyone with a brain cell- steal literally everything, borrow billions and then put PK at the mercy of other countries, and ultimately give up our Nuclear weapons.
Cpt. Rishwat
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Always said there is nothing to stop Iran or any other country from investing in Pakistan, if anything they would have more reason as they are actually much closer geographically than SA.
Mamoon
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Thank you for enlightening me. I was not aware of the difference between investing in a country and investing in a football club. I thought investing in a football club is called FDI, and when you invest in a country, you buy its shares.
Mamoon
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It is the usual business. If a deal does not materialise, they will simply state that they did not intend to buy. The Saudis are extremely arrogant and obnoxious.
A prince that carries his gold toilet with him to other countries because using a regular toilet is beneath him is not going to accept that his bid was rejected. There is usually a lot of fire to such smoke, such news is not cooked out of thin air.
Bewal Express
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Or there was no bid, and someone is trying to push up the price.
from_da_lost_dim3nsion
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Something I found on another website . Some great points there
You equating the two events suggested otherwise hence the need for this lesson
Pete Rose
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KARACHI: Pakistan’s ll major industrial sectors attracted considerably high foreign direct investments (FDI) during the current financial year indicating an attraction for industrial growth in near future.
The country’s key industries such as textile, chemicals, pharmaceuticals, and electrical machinery saw their inflows jumping by 50-800 per cent.
However, the overall FDI plunged by 51pc during the first nine months of 2018-19 mainly due to outflow of Chinese investments from the local power sector, which in turn eroded the positive impact on inflows in the major industries. Outflow of Chinese investment during the period was $294 million, as compared to net inflow of $929m in same months of last fiscal year.
The highest inflows were recorded in electrical machinery, which attracted $126.6m during 9MFY19 as against $13.8m in corresponding period last year, reflecting an increase of 813pc.
Transport sector came in second as inflows into the sector jumped by 663pc to $84.3m, led by FDI worth $89.6m in cars whereas buses, trucks, vans and trails posted a $5.3m outflow.
Similarly, inflows in chemicals soared by 322pc to $113.9m during 9MFY19 versus $27.6m in same period of 207-18 while those in pharmaceutical rose 274pc to $55m from $14.7m.
The FDI in textile sector clocked in at $54m during the nine-month period, up 50pc over $36.6m in corresponding months of FY18. The sector earns over 60pc of all export proceeds for the country.
For the last couple of years, only two sectors – power and construction – have found themselves on the radar of investors while the rest have seen limited activity in terms of inflows. If latest data is to serve as an indicator for reversal, it could help boost sentiments in the local industry.
Power sector saw a steep decline in FDI as it recorded a net outflow of $293m in 9MFY19 as against $929m in corresponding period last year. Construction also seems to be ceding its gains with inflows shrinking steeply as investment in the sector slowed down to $385.4m, from $527m.
Communications saw a net outflow of $141m, led by telecommunications which recorded outflows worth $157m.
Published in Dawn, April 21st, 2019
The country’s key industries such as textile, chemicals, pharmaceuticals, and electrical machinery saw their inflows jumping by 50-800 per cent.
However, the overall FDI plunged by 51pc during the first nine months of 2018-19 mainly due to outflow of Chinese investments from the local power sector, which in turn eroded the positive impact on inflows in the major industries. Outflow of Chinese investment during the period was $294 million, as compared to net inflow of $929m in same months of last fiscal year.
The highest inflows were recorded in electrical machinery, which attracted $126.6m during 9MFY19 as against $13.8m in corresponding period last year, reflecting an increase of 813pc.
Transport sector came in second as inflows into the sector jumped by 663pc to $84.3m, led by FDI worth $89.6m in cars whereas buses, trucks, vans and trails posted a $5.3m outflow.
Similarly, inflows in chemicals soared by 322pc to $113.9m during 9MFY19 versus $27.6m in same period of 207-18 while those in pharmaceutical rose 274pc to $55m from $14.7m.
The FDI in textile sector clocked in at $54m during the nine-month period, up 50pc over $36.6m in corresponding months of FY18. The sector earns over 60pc of all export proceeds for the country.
For the last couple of years, only two sectors – power and construction – have found themselves on the radar of investors while the rest have seen limited activity in terms of inflows. If latest data is to serve as an indicator for reversal, it could help boost sentiments in the local industry.
Power sector saw a steep decline in FDI as it recorded a net outflow of $293m in 9MFY19 as against $929m in corresponding period last year. Construction also seems to be ceding its gains with inflows shrinking steeply as investment in the sector slowed down to $385.4m, from $527m.
Communications saw a net outflow of $141m, led by telecommunications which recorded outflows worth $157m.
Published in Dawn, April 21st, 2019
Slog
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Makers sense that there are outflows from power sector to China as they are taking out cash dividends from their earlier investments.
This would have happened regardless of who was in power because this is how the projects were drawn up.
But ofcourse you will see jahil patwaris and jiyalas show their idiocy by pointing it out as evidence of the incumbent government’s bad performance
This would have happened regardless of who was in power because this is how the projects were drawn up.
But ofcourse you will see jahil patwaris and jiyalas show their idiocy by pointing it out as evidence of the incumbent government’s bad performance
uberkoen
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The bad performance on the government is visible to anyone with 2 brain cells and a basic understanding of economic metrics. One does not need to prove anything.
TalentSpotterPk
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According to State Bank of Pakistan Data , total foreign investment in Pakistan has plunged from USD 4.95 billion in 9MFY18 to USD 0.87 billion in 9MFY19
A substantial drop of 82%
In March alone total foreign investments dropped by 11 % compared to March 18.
Foreign direct investment has registered a drop of 51 % in first 9 months. This massive decline is due to capital outflow of USD 1.2 billion during this period which is 121 % increased compared to 2018.
Kesay ker letay ho bhaee ?
Heraan Hun Dil ko Rouoon K Peetun Jigar ko Mein : Ghalib
A substantial drop of 82%
In March alone total foreign investments dropped by 11 % compared to March 18.
Foreign direct investment has registered a drop of 51 % in first 9 months. This massive decline is due to capital outflow of USD 1.2 billion during this period which is 121 % increased compared to 2018.
Kesay ker letay ho bhaee ?
Heraan Hun Dil ko Rouoon K Peetun Jigar ko Mein : Ghalib
Pete Rose
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W
Yes that’s covered. The power sector see outflows. When you give guaranteed profits in dollars to get power operators outside Pakistan, they usually like to get their returns.
Sir, a little more economics and finance and a little less bankruptcy
Yes that’s covered. The power sector see outflows. When you give guaranteed profits in dollars to get power operators outside Pakistan, they usually like to get their returns.
Sir, a little more economics and finance and a little less bankruptcy
Slog
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Talking about the OP here.
I guess my last sentence of the earlier post you quoted holds true.
Current government is not responsible for idiots from the previous one negotiating guaranteed dollar returns on expensive projects
sweep_shot
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Imran Khan Welcomes Investment From Hong Kong-based Port Operator
Link: https://www.dawn.com/news/1510994/p...investment-from-hong-kong-based-port-operator.
Link: https://www.dawn.com/news/1510994/p...investment-from-hong-kong-based-port-operator.
- Joined
- Oct 2, 2004
- Runs
- 217,977
That is pretty hefty investment. Hope happens soon and not just on paper.
Technics 1210
Test Debutant
- Joined
- Feb 27, 2019
- Runs
- 15,028
Mashallah! More great news for Pakistan!
Pakistan on the up inshallah!
Pakistan on the up inshallah!
KingKhanWC
World Star
- Joined
- Jan 2, 2010
- Runs
- 50,363
Companies will want to invest in Pakistan now. It was rightly difficult to trust the previous corrupt leaders who didn't care for the economy or for security. Imran is working hard to make both stronger for investors.
sweep_shot
ODI Captain
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- 46,503
Rinnegan Sasuke
Tape Ball Star
- Joined
- Mar 19, 2016
- Runs
- 943
Foreign private investment jumps 51pc
KARACHI: Foreign private investment increased by 51 per cent to $564.8 million in the first quarter of this fiscal year, up from $374m in same period of 2018.
Meanwhile, foreign direct investment (FDI) edged lower by 3.1pc to $542.1m during July-Sept, as compared to $559.4m in same quarter last year.
However, FDI in September clocked in at $385.3m, surging by 111.6pc over $182.1m in corresponding month last year.
If the September trend persists for the remaining fiscal year, the country could receive record high investment it received during the last five years but it depends upon the business environment and low cost of doing business.
Data reveals that the most significant chunk came from Norway, even beating China which has been the largest investor in the country for the last three years.
FDI from Norway stood at $263.7m, soaring by a whopping 1,600pc, over just $15.5m in the same quarter of FY19. Of this, $253.2m were invested in September.
On the other hand, inflows from China plunged 70.4pc to $103m during July-September versus $348m in corresponding months last year.
Prime Minister Imran Khan recently visited China to speed up the working on projects under the China-Pakistan Economic Corridor.
Sector-wise investment indicates that telecommunications attracted highest amount of $246.4 million during the quarter. This represented a massive growth of 389.6pc over $54m recorded in July-September FY19.
Inflows in the oil and gas exploration, on the flip side, dipped by 54pc to $34.1m during the first quarter, compared to $74.1m in same period last fiscal year.
The sector is at the top of government’s priority list for attracting investments but the response during the latest quarter is disappointing.
The attraction for hydel power also declined as the investment fell to $27.3m, from $36m. Inflows in cars didn’t show much difference as they came in at $25.8m, down from $29.5m.
However, a big jump was noted in electrical machinery as it received $64.8m during the quarter, rising from 1QFY19 level of just $5.2m.
A major change was noted in portfolio investment which had been showing outflows for most of the time but in the latest quarter posted a net inflow at $22.7m, as opposed to a net outflow of $185.3m in corresponding months last year.
https://www.dawn.com/news/1511499/foreign-private-investment-jumps-51pc
KARACHI: Foreign private investment increased by 51 per cent to $564.8 million in the first quarter of this fiscal year, up from $374m in same period of 2018.
Meanwhile, foreign direct investment (FDI) edged lower by 3.1pc to $542.1m during July-Sept, as compared to $559.4m in same quarter last year.
However, FDI in September clocked in at $385.3m, surging by 111.6pc over $182.1m in corresponding month last year.
If the September trend persists for the remaining fiscal year, the country could receive record high investment it received during the last five years but it depends upon the business environment and low cost of doing business.
Data reveals that the most significant chunk came from Norway, even beating China which has been the largest investor in the country for the last three years.
FDI from Norway stood at $263.7m, soaring by a whopping 1,600pc, over just $15.5m in the same quarter of FY19. Of this, $253.2m were invested in September.
On the other hand, inflows from China plunged 70.4pc to $103m during July-September versus $348m in corresponding months last year.
Prime Minister Imran Khan recently visited China to speed up the working on projects under the China-Pakistan Economic Corridor.
Sector-wise investment indicates that telecommunications attracted highest amount of $246.4 million during the quarter. This represented a massive growth of 389.6pc over $54m recorded in July-September FY19.
Inflows in the oil and gas exploration, on the flip side, dipped by 54pc to $34.1m during the first quarter, compared to $74.1m in same period last fiscal year.
The sector is at the top of government’s priority list for attracting investments but the response during the latest quarter is disappointing.
The attraction for hydel power also declined as the investment fell to $27.3m, from $36m. Inflows in cars didn’t show much difference as they came in at $25.8m, down from $29.5m.
However, a big jump was noted in electrical machinery as it received $64.8m during the quarter, rising from 1QFY19 level of just $5.2m.
A major change was noted in portfolio investment which had been showing outflows for most of the time but in the latest quarter posted a net inflow at $22.7m, as opposed to a net outflow of $185.3m in corresponding months last year.
https://www.dawn.com/news/1511499/foreign-private-investment-jumps-51pc
sweep_shot
ODI Captain
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- Mar 30, 2016
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- 46,503
Imran Khan seems like a great negotiator. He has secured quite a few huge investments. Good signs.
sweep_shot
ODI Captain
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- 46,503
sweep_shot
ODI Captain
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Abdullah719
T20I Captain
- Joined
- Apr 16, 2013
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- 44,825
Abdullah719
T20I Captain
- Joined
- Apr 16, 2013
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- 44,825
Pakistan FDI jumps 60.8pc in July: SBP
The Foreign Direct Investment (FDI) in Pakistan reached up to $114.3 million during July 2020, as compared to the net inflow of $71.1mn recorded during July 2019, showing an increase of $43.2mn or 60.8 percent.
According to the State Bank of Pakistan (SBP) latest data, foreign private investment of $41.1mn was made in July 2020 as compared to $105mn made in the same period last year. Whereas, foreign investment in the public sector stood at $66.1mn in July 2020 as compared to nil recorded in the same period last year.
According to the SBP, China was the biggest investor with $27.1mn in July 2020, as compared to the net outflow of $17.4mn it invested in the same period last year.
Malta was the second-largest investor with net FDI of $18.5mn during July, as compared with a net investment of $18.5mn observed during the same period last year. Netherlands was third on the list with a net FDI of $17.9mn.
Whereas, outflows of $39.4mn were sent to the United States and outflows of $21.8mn were sent to the United Kingdom in July 2020.
Sector-wise, major FDI in Pakistan came in Electrical Machinery of $29mn followed by Financial Business of $24mn and Communications Sector with net FDI of $22mn in July 2020.
https://www.brecorder.com/news/40013402/pakistan-fdi-jumps-608pc-in-july-sbp
The Foreign Direct Investment (FDI) in Pakistan reached up to $114.3 million during July 2020, as compared to the net inflow of $71.1mn recorded during July 2019, showing an increase of $43.2mn or 60.8 percent.
According to the State Bank of Pakistan (SBP) latest data, foreign private investment of $41.1mn was made in July 2020 as compared to $105mn made in the same period last year. Whereas, foreign investment in the public sector stood at $66.1mn in July 2020 as compared to nil recorded in the same period last year.
According to the SBP, China was the biggest investor with $27.1mn in July 2020, as compared to the net outflow of $17.4mn it invested in the same period last year.
Malta was the second-largest investor with net FDI of $18.5mn during July, as compared with a net investment of $18.5mn observed during the same period last year. Netherlands was third on the list with a net FDI of $17.9mn.
Whereas, outflows of $39.4mn were sent to the United States and outflows of $21.8mn were sent to the United Kingdom in July 2020.
Sector-wise, major FDI in Pakistan came in Electrical Machinery of $29mn followed by Financial Business of $24mn and Communications Sector with net FDI of $22mn in July 2020.
https://www.brecorder.com/news/40013402/pakistan-fdi-jumps-608pc-in-july-sbp
Kianig89
T20I Star
- Joined
- Oct 30, 2012
- Runs
- 32,252
SIFC was supposed to bring huge investments in Pakistan ,any update what we are witnessing is Sindh 's water being cut off for some showcase projects.
@emranabbas @Bewal Express @psyoptica
@emranabbas @Bewal Express @psyoptica
SIFC is a stinking dead horse. Asim Munir was boasting to bring 100 billion dollars but has yet to bring a single cent. This is what happens when you have people in power who have brain of a chimpanzee
Bewal Express
Test Star
- Joined
- Nov 6, 2005
- Runs
- 39,588
Billo and Daddy backed the coup. The Generals have stolen their land and water. Oh dear
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