KARACHI: In the first quarter of the fiscal year 2019-2020, foreign private investment has jumped by 51% to $564.8 million from $374 million in the same period of 2018.
As per the data revealed, the most significant amount was chipped in by Norway, overcoming the largest investor in the country for the last three years, China.
Increasing by 1,600%, the FDI from Norway stands at $263.7 million. Earlier, the FDI recorded for the FY19 was $15.5 million. Of this, $253.2 million were invested in September.
Prime Minister Imran Khan recently visited China to speed up work on the projects under the China-Pakistan Economic Corridor (CPEC), as the inflows from China are recorded to be $103 million during July-September.
The telecommunication sector attracted the highest amount of FDI, which was recorded at $246.4 million during the quarter, as it grew by 389.6% from $54 million recorded in July-September FY19.
For news and blogs, visit Graana.com.
Islamabad: The Capital Development Authority (CDA) has earmarked PKR 200 million to settle outstanding land…
Lahore: Punjab Governor Sardar Saleem Haider Khan has promulgated two key ordinances aimed at modernising…
Islamabad: Pakistan’s tax authorities are intensifying efforts to detect undeclared wealth by monitoring social media…
Karachi: The State Bank of Pakistan (SBP) has indicated that it will maintain a cautious…
The Pakistan Engineering Council and the Capital Development Authority have agreed to collaborate on raising…
Feb 7 (Reuters): Saudi Arabia on Saturday unveiled a wide-ranging investment package for Syria covering…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
