{"id":9013,"date":"2019-10-18T07:10:03","date_gmt":"2019-10-18T02:10:03","guid":{"rendered":"http:\/\/umang.pk\/2019\/10\/foreign-private-investment-jumps-51pc-newspaper\/"},"modified":"2019-10-18T07:10:03","modified_gmt":"2019-10-18T02:10:03","slug":"foreign-private-investment-jumps-51pc-newspaper","status":"publish","type":"post","link":"https:\/\/umang.pk\/ur\/2019\/10\/18\/foreign-private-investment-jumps-51pc-newspaper\/","title":{"rendered":"Foreign private investment jumps 51pc – Newspaper"},"content":{"rendered":"

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KARACHI: Foreign private investment increased by 51 percent to $ 564.8 million in the first quarter of this fiscal year, compared to $ 374 million in the same period of 2018.<\/p>\n

Meanwhile, foreign direct investment (FDI) fell 3.1pc to $ 542.1 million during July-September, compared to $ 559.4 million in the same quarter last year.<\/p>\n

However, FDI in September registered $ 385.3 million, with an increase of 111.6{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} over $ 182.1 million in the corresponding month last year.<\/p>\n

If the September trend persists during the remaining fiscal year, the country could receive a record investment it received during the last five years, but it depends on the business environment and the low cost of doing business.<\/p>\n

The data reveals that the most important part came from Norway, even surpassing China, which has been the largest investor in the country for the past three years.<\/p>\n

Norwegian FDI stood at $ 263.7 million, with a huge 1,600pc, more than just $ 15.5 million in the same quarter of fiscal year 19. Of this, $ 253.2 million was invested in September.<\/p>\n

On the other hand, China's tickets fell 70.4pc to $ 103m during July-September compared to $ 348m in the corresponding months of last year.<\/p>\n

Prime Minister Imran Khan recently visited China to accelerate work on projects under the China-Pakistan Economic Corridor.<\/p>\n

Sector investment indicates that telecommunications attracted the largest amount of $ 246.4 million during the quarter. This represented a massive growth of 389.6pc over $ 54m recorded in July-September FY19.<\/p>\n

Entries in oil and gas exploration, on the other hand, fell by 54{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} to $ 34.1 million during the first quarter, compared to $ 74.1 million in the same period last fiscal year.<\/p>\n

The sector is at the top of the government's priority list to attract investments, but the response during the last quarter is disappointing.<\/p>\n

The attraction for Hydel Power also declined as the investment fell to $ 27.3 million, from $ 36 million. Car tickets did not show much difference, since they reached $ 25.8 million, below $ 29.5 million.<\/p>\n

However, there was a big jump in electrical machinery, as it received $ 64.8 million during the quarter, rising from the level of 1TF19 of only $ 5.2 million.<\/p>\n

There was a significant change in portfolio investment that had been showing outflows for most of the time, but in the last quarter it registered a net income of $ 22.7 million, compared to a net outflow of $ 185.3 million in the corresponding months. from last year.<\/p>\n

Posted on Dawn, October 18, 2019<\/em><\/p>\n<\/p><\/div>\n<\/pre>\n<\/pre>\n

Source: https:\/\/www.dawn.com\/news\/1511499\/foreign-private-investment-jumps-51pc<\/p>\n","protected":false},"excerpt":{"rendered":"

KARACHI: Foreign private investment increased by 51 percent to $ 564.8 million in the first quarter of this fiscal year, compared to $ 374 million in the same period of 2018. Meanwhile, foreign direct investment (FDI) fell 3.1pc to $ 542.1 million during July-September, compared to $ 559.4 million in the same quarter last year. […]<\/p>\n","protected":false},"author":1,"featured_media":9014,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[11077],"tags":[],"class_list":["post-9013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newspaper"],"_links":{"self":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts\/9013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/comments?post=9013"}],"version-history":[{"count":0,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts\/9013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/media?parent=9013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/categories?post=9013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/tags?post=9013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}