With $ 103.6 m, China tops FDI country in Pakistan.

ISLAMABAD -- 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'srecent 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. The flight of FDI from

United States fell to $18.9m compared to $26.5m in the previous fiscal. Chinese inflow as FDI in Pakistan has become a sign of booster for Pakistan economy. Over the last 9 years consecutively, China has been securing as biggest source country pumping up investment in Pakistan. Cumulatively in the first half (Jul-Dec) of the fiscal year 2019-2020...