Foreign private investments in Pakistan have increased by 51% and have reached $564.8 million in 2019, which stood at $374 million during the same period in 2018. However, the Foreign Direct Investment (FDI) declined by almost 3% and stand at $542 million, which were 569$ million during the same time period in 2018.
Data reveals that the most significant amount of foreign investments came from Norway, which left even China behind. FDI from Norway reached almost $264 million, which was just $15.5 million in the previous year. Chinese investments in the country reached almost $103 million which had reached $348 million during the same period last year. The PM of Pakistan had recently visited China and had stressed over timely completion of the CPEC related projects. Following the visits, the investments from China are expected to increase.
The sectors that attracted the most foreign investments include the telecommunications sector, which received almost $246 million in investments this year, the oil and gas exploration sector received $34 million in investment, Hydel Power attracted $27.3 million and the electrical machinery sector got $64.8 million in investments.