What maybe the reason for a whopping increase in Foreign Direct Investment???

desan

President (40k+ posts)
Foreign Direct Investment in Pakistan:
March 2019 = $145.4M
March 2020 = $278.7M
An increase of 91%

July - March (2018-19) = $905M
July - March (2019-20) = $2148M
An increase of 137%

In July 2019 at the start of IMF program IMF projected FDI of $2.1B this year, Pakistan already got that in 9 months.


Foreign Direct Investment (FDI) in Pakistan rose 92pc to $279 million in March 2020, compared to $145 million in March last year, according to data released by the State Bank of Pakistan (SBP) on Monday.

During the first nine months of fiscal year 2020, overall foreign direct investment increased 137.3pc year-on-year to $2,148 million. For comparison, during the same nine-month period a year ago, FDI in the country stood at $1,059 million.

March’s FDI figure is in the same ballpark as February’s FDI figure, which stood at $289 million.

February’s figure was notable for being the largest percentage increase (151pc) year-on-year since October 2017.

In fact, foreign direct investment has been on the rise in FY20, particularly in the last four months, where the monthly FDI has been consistently above the $200 million mark. One notable month was December 2019, where FDI increased to $487 million, against $319.5 million recorded during the same month in 2019.

Country-wide data released by the central bank shows that China remained the largest investor, with net FDI of $872 million during the nine-month period, compared with the net investment of only $22 million during the same period last year.

The second-largest investor was Norway, with a net FDI of $289 million, compared with $6.4 million during the same period the year before.

The highest amount of FDI during the nine-month period was in the power sector, at $757 million. The second highest was communications, at $490 million, followed by the oil and gas sector, at $218 million.

 

Sohail Shuja

Chief Minister (5k+ posts)
Foreign Direct Investment in Pakistan:
March 2019 = $145.4M
March 2020 = $278.7M
An increase of 91%

July - March (2018-19) = $905M
July - March (2019-20) = $2148M
An increase of 137%

In July 2019 at the start of IMF program IMF projected FDI of $2.1B this year, Pakistan already got that in 9 months.


Foreign Direct Investment (FDI) in Pakistan rose 92pc to $279 million in March 2020, compared to $145 million in March last year, according to data released by the State Bank of Pakistan (SBP) on Monday.

During the first nine months of fiscal year 2020, overall foreign direct investment increased 137.3pc year-on-year to $2,148 million. For comparison, during the same nine-month period a year ago, FDI in the country stood at $1,059 million.

March’s FDI figure is in the same ballpark as February’s FDI figure, which stood at $289 million.

February’s figure was notable for being the largest percentage increase (151pc) year-on-year since October 2017.

In fact, foreign direct investment has been on the rise in FY20, particularly in the last four months, where the monthly FDI has been consistently above the $200 million mark. One notable month was December 2019, where FDI increased to $487 million, against $319.5 million recorded during the same month in 2019.

Country-wide data released by the central bank shows that China remained the largest investor, with net FDI of $872 million during the nine-month period, compared with the net investment of only $22 million during the same period last year.

The second-largest investor was Norway, with a net FDI of $289 million, compared with $6.4 million during the same period the year before.

The highest amount of FDI during the nine-month period was in the power sector, at $757 million. The second highest was communications, at $490 million, followed by the oil and gas sector, at $218 million.

The much interesting reason here is "Luck". This year, many of the mobile phone operators had to renew their licenses, that were issued in 2004, for a 15 year term.

Mobilink and Telenor had been fighting cases on this, but eventually lost.


So this justifies a major chunk of investments pouring in from Norway, EU, Mid-East and China... amounting to $490 million.

For the Oil and Gas Sector, it was obvious that $218 million were going to pour in, because an equivalent amount by OGDCL and PPL was to sink in the black hole of Kekra-1 field.

If we got 218 million USD from Exxon and Eni, then we almost spent a similar amount ourselves, so the net effect is zero for this investment. Nothing ventured, nothing won (glass tora, 12 aanay!!)

Further oil and gas investments came into the downstream sector of Oil and Gas marketing companies. Well, that is obvious if you are providing them a better opportunity to make unusual profits by not lowering down the oil prices in tandem with the international oil prices. This makes sense.

Only the power sector is kicking. This is because of PTI's U-turn on power sector investments. In 2018, many of the power sector projects were taken off from the portfolio of CPEC, citing that Pakistan is already self sufficient in its power needs. So the projects halted and the FDI sank. Now, I think someone told Gohar Ayyub that they need to redefine these projects. Well, in the end, it is only the power sector for which the credit goes to the Government for reverting their own decision, or by taking no decision at all. Rest is hogwash.
 
Last edited:

Vitamin_C

Chief Minister (5k+ posts)
Help from WB, IMF and ADB and probably defferal/forgiveness of interest payments due to covid19
 

islamabadi

Minister (2k+ posts)
Foreign Direct Investment in Pakistan:
March 2019 = $145.4M
March 2020 = $278.7M
An increase of 91%

July - March (2018-19) = $905M
July - March (2019-20) = $2148M
An increase of 137%

In July 2019 at the start of IMF program IMF projected FDI of $2.1B this year, Pakistan already got that in 9 months.


Foreign Direct Investment (FDI) in Pakistan rose 92pc to $279 million in March 2020, compared to $145 million in March last year, according to data released by the State Bank of Pakistan (SBP) on Monday.

During the first nine months of fiscal year 2020, overall foreign direct investment increased 137.3pc year-on-year to $2,148 million. For comparison, during the same nine-month period a year ago, FDI in the country stood at $1,059 million.

March’s FDI figure is in the same ballpark as February’s FDI figure, which stood at $289 million.

February’s figure was notable for being the largest percentage increase (151pc) year-on-year since October 2017.

In fact, foreign direct investment has been on the rise in FY20, particularly in the last four months, where the monthly FDI has been consistently above the $200 million mark. One notable month was December 2019, where FDI increased to $487 million, against $319.5 million recorded during the same month in 2019.

Country-wide data released by the central bank shows that China remained the largest investor, with net FDI of $872 million during the nine-month period, compared with the net investment of only $22 million during the same period last year.

The second-largest investor was Norway, with a net FDI of $289 million, compared with $6.4 million during the same period the year before.

The highest amount of FDI during the nine-month period was in the power sector, at $757 million. The second highest was communications, at $490 million, followed by the oil and gas sector, at $218 million.

FDI reached a "record" 278 million in march 2020....and the PTI zombies going crazy....it reached 1,250 billion in march 2008 in the last year of Shaukat aziz....that is 600% MORE than your PTI "record" jis p naach rahey ho... Just saying....
 

Sohail Shuja

Chief Minister (5k+ posts)
profit.pakistantoday.com.pk



is a FAKE website with no authenticity or credibility


but


Ahl-e-Yoot who consider JANG/GEO and DAWN fake believes in these types of websites and use it to spread propaganda only to protect failure of that Crackhead sitting in PM House.


desan
Judge
Zaidi Qasim
Wake up Pak

pti 56, samkhan, monstar and 1 other person
Sohail Shuja
Vitamin_C
islamabadi
Tum sey iss sey ziada aqal ki umeed rakhna ba zaat e khud jurm e kabeera o shadeeda hay.

Site ki credibility per shor ker lo, laikin khud zehmat na kerna k statistics kahin sey khud bhi talaash ker lo aur saboot k saath baat karo. Khair saboot to tumharay leader ki money trail k bhi nhi hain, bas yeh kehtay hain k ALHAMDOLILLAH flat hamaray hain...