Foreign investment jumps 24pc in August - Newspaper

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in August </a></h2> <div dir="auto" class=" my-3 sm:ml-0 ml-1 block sm:inline-block float-none sm:float-left"><span dir="auto" class="story__byline font-arial "><a class="story__byline__link" href="https://web.archive.org/web/20200918143504/https://www.dawn.com/authors/456/shahid-iqbal">Shahid Iqbal</a></span><span class="divider font-arial"></span><span class="story__time font-arial ">Updated 18 Sep 2020</span> </div>  <div class="block sm:inline-block clearfix float-none sm:float-right"> <div class="social social--icon social--black social--flat social--facebook social--count float-left mr-1 my-2 "> <a onclick="return !window.open(this.href, 'Share on Facebook', 'width=640, height=536')" rel="noreferrer" href="https://web.archive.org/web/20200918143504/https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.dawn.com%2Fnews%2F1580280&display=popup&ref=plugin" target="_blank"><span style="clip: rect(1px, 1px, 1px, 1px); height: 1px; overflow:hidden; position: absolute; 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story__cover slideshow--main " data-slick="{"dots":true,"dotsClass":"slideshow__pager ","asNavFor":null,"cssEase":"ease","speed":250,"autoplaySpeed":2000,"slidesToScroll":1,"slidesToShow":1,"fade":false,"autoplay":true,"infinite":true,"responsive": [{"breakpoint": 767,"settings": {"slidesToShow": 1,"slidesToScroll": 1}},{"breakpoint": 575,"settings": {"slidesToShow": 1,"slidesToScroll": 1}}]}"> <div class="slideshow__slide slideshow__slide--first slideshow__slide--horizontal lg:w-full md:w-full w-full" style="">  <figure class="media media--uneven media--fill sm:w-full w-full media--no-margin-bottom "> <div class="media__item "><picture><img src="https://web.archive.org/web/20200918143504im_/https://i.dawn.com/primary/2020/09/5f64371e042d3.jpg" alt="In the first two months of FY21, the FDI surged 40pc to $226.7m, compared to $162m in the same period of last fiscal year. — Reuters/File"/></picture></div> <figcaption class="media__caption ">In the first two months of FY21, the FDI surged 40pc to $226.7m, compared to $162m in the same period of last fiscal year. — Reuters/File </figcaption> </figure> </div> </div> </div>   <div class="template__main clearfix modifier--open px-1 modifier--widedefault modifier--blockquote-center-narrow ">  <div class="slideshow hidden slideshow--fade story__cover slideshow--main " data-slick="{"dots":true,"dotsClass":"slideshow__pager ","asNavFor":null,"cssEase":"ease","speed":250,"autoplaySpeed":2000,"slidesToScroll":1,"slidesToShow":1,"fade":false,"autoplay":true,"infinite":true,"responsive": [{"breakpoint": 767,"settings": {"slidesToShow": 1,"slidesToScroll": 1}},{"breakpoint": 575,"settings": {"slidesToShow": 1,"slidesToScroll": 1}}]}"> <div class="slideshow__slide slideshow__slide--first slideshow__slide--horizontal lg:w-full md:w-full w-full" style="">  <figure class="media media--fill sm:w-full w-full media--no-margin-bottom "> <div class="media__item "><picture><img src="https://web.archive.org/web/20200918143504im_/https://i.dawn.com/primary/2020/09/5f64371e042d3.jpg" alt="In the first two months of FY21, the FDI surged 40pc to $226.7m, compared to $162m in the same period of last fiscal year. — Reuters/File"/></picture></div> </figure> </div> </div>  <div dir="auto" class="story__content overflow-hidden pt-1 mt-1"><p>KARACHI: Foreign Direct Investment (FDI) jumped 23.5 per cent to $112.3 million in August, up from $90.3m in same month of 2019, reported the State Bank of Pakistan on Thursday.</p> <p>Month-on-month, the FDI edged lower by $2m or 1.75pc from July’s figure of $114.3m.</p> <p>In the first two months of FY21, the FDI surged 40pc to $226.7m, compared to $162m in the same period of last fiscal year.</p> <p>Since the emergence of Covid-19 in March this year, the inflows started falling before the FDI posted an impressive increase of 61pc year-on-year to $114.3m in July.</p> <p>Details showed that highest inflow of $85.4m during July-August was noted in the financial business, which attracted just $14m in the first two months of the previous year.</p> <p>Communications also received $37m during the period under review, as against $44.9m in corresponding months of FY20. Similarly, the FDI in electrical machinery more than doubled to $36.5m, from $15m.</p> <p>Inflows in the oil and gas exploration sector witnessed $34.3m FDI during the two months, as against $25m in the same period of last fiscal year.</p> <p>Country-wise, FDI from China stood at a mere $6.6m during July-August, but it still higher than $2.9m recorded in the same period of 2019.</p> <p>For the last several years, China has been the biggest foreign investor in Pakistan as well as the largest trading partner with the balance of trade heavily skewed in its favour.</p> <p>Other important investors were the UK and US and the inflows showed no significant improvement. The FDI from the Great Britain came in at $18.6m in 2MFY21, compared to $ 17.4m in corresponding period of last fiscal year while those from latter fell to $14.9m, versus $20.7m.</p> <p>Lower inflows from the US could be a result of the economic damage caused by the coronavirus outbreak in that country, which has the most cases on record.</p> <p>The highest FDI of $45m was noted from Norway in July-August, which was significantly higher compared to a negligible $0.1m in the same period of FY20.</p> <p>Netherlands and Malta showed no significant change as the inflows from the two countries were $39.6m and $37m, respectively during July-August.</p> <p>The economic environment has relatively improved in Pakistan in terms of foreign investment due to relatively low impact of coronavirus.</p> <p><em>Published in Dawn, September 18th, 2020</em></p> </div> </div>   <div class="template__footer clearfix modifier--open px-1 hidden"> <div class="p-2 hidden pb-2 mb-2 sm:block"></div><div 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data-id="1142259" class="story__title py-2 "><a href="https://web.archive.org/web/20200918143504/https://www.dawnnews.tv/news/1142259/" class="story__link ">بحریہ ٹاؤن سے ملنے والے جرمانے کا کراچی پیکج سے کیا تعلق ہے؟</a></h2> </article>  </div> </div> </div> </section>  </div> <div class="border-t-3 border-t-solid border-t-black"> <section data-comments="min-comments" id="comments" class="comments px-0 sm:w-5/6 w-full"> <h1 class="comments__label font-playfair-display text-5 font-bold">Comments (1) </h1> <form accept-charset="utf-8" class="form-vertical comments-form jsform mb-4" id="comments-form" method="POST" action="https://web.archive.org/web/20200918143504/https://www.dawn.com/comments"> <div class="info"></div> <div class="flex no-gutters"> <div class="flex__item w-1/2"> <div class="pt-2"> <div class="form-group required"><input class="form-control text-input w-full" placeholder="Name" dir="" required id="name" type="text" name="name"></div> </div> </div> <div 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</div> <div class="comment pb-4 mb-4 border-b border-b-grey-default border-b-solid" id="8764260" data-id="1"> <div class="flex no-gutters"> <div class="flex__item w-11/12"> <div class="comment__author font-bold font-playfair-display text-4 float-left mb-1">Saif Zulfiqar</div> <div class="timeago comment__date text-grey text-3 leading-none clear-left" title="2020-09-18T11:27:41+05:00"><span class="timestamp--time timeago" title="2020-09-18T11:27:41+05:00">Sep 18, 2020 11:27am</span></div> <div class="whitespace-pre-wrap break-words leading-normal comment__body my-2 text-3.5">There is no other party in the country except PTI to rule Pakistan. This party is hardworking, honest and with highly educated people.</div> <div class=""> <input type="button" value="Reply" data-name="Saif Zulfiqar, " class="button pt-0.5 pb-0.5 px-2 mr-2 comment__reply bg-transparent text-grey text-2.5 border-0 rounded-none border-none hover-bg-image-linear-gradient-lightgray"/> <div class="button p-0 no-underline inline-block list-reset cursor-pointer relative whitespace-no-wrap align-middle bg-white border border-solid border-grey-default leading-normal text-3 hover-bg-image-linear-gradient-lightgray select-none" title="Recommend this comment"> <span class="button__label pt-0.5 px-2 text-grey text-2.5 votejs__cast" data-vote-key="1580280/up-8764260">Recommend</span> <span class="button__count border-l border-l-grey-default border-l-solid p-0.5 text-grey text-2.5 votejs__count" data-vote-key="1580280/up-8764260">0</span> </div> </div> </div> </div> </div> </section> </div> </div> </div>  </article> </div> </div> </main> <aside class="pb-4">  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href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580309/women-in-the-informal-sector"><picture><img src="https://web.archive.org/web/20200918143504im_/https://i.dawn.com/medium/2020/09/5f641a554d871.jpg" alt="Women in the informal sector"/></picture></a></div> </figure>  <h2 dir="auto" data-layout="story" data-id="1580309" class="story__title font-playfair-display text-black-light text-4 leading-tight "><a href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580309/women-in-the-informal-sector" class="story__link ">Women in the informal sector </a></h2>  <div dir="auto" class="story__excerpt text-3.5 text-black font-georgia ">While Covid-19 increased financial pressures, it also reduced women’s ability to leave their homes. </div> </article>  </div> </div><div class="clear-both"> </div></div> <div class="px-0 sm:w-2/3 w-full float-left mt-2 slideshow--list "> <div class="clear-both"> <div class="slideshow--row__item active pr-0 sm:pr-2 mb-2 sm:border-r sm:border-r-solid sm:border-r-grey-lighter border-b border-b-solid sm:border-b-grey-lighter sm:border-b-none equalize last-child-border-none float-left" data-id="0" style="width:24%;margin-right:1.3333333333333%;">  <article class="box story mt-1 mb-1 sm:mb-2 sm:mt-0 pt-0 pb-1 sm:pb-2 pt-1 sm:pt-0 pr-0" data-id="1580308" data-layout="story">  <figure class="media media--focus media--fill sm:w-full w-1/4 sm:mr-0 mr-2 sm:float-none float-left media--no-margin-bottom "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580308/pappu-and-politics"><picture><img src="https://web.archive.org/web/20200918143504im_/https://i.dawn.com/medium/2020/09/5f6419f8b6a0f.jpg" alt="Pappu and politics"/></picture></a></div> </figure>  <h2 dir="auto" data-layout="story" data-id="1580308" class="story__title font-playfair-display text-black-light text-4 leading-tight py-0 "><a href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580308/pappu-and-politics" class="story__link ">Pappu and politics </a></h2> <div dir="auto" class=" mt-1 "><span dir="auto" class="story__byline text-3 text-black "><a class="story__byline__link" href="https://web.archive.org/web/20200918143504/https://www.dawn.com/authors/165/asha-ar-rehman">Asha’ar Rehman</a></span> </div>  <div dir="auto" class="story__excerpt text-3.5 text-black font-georgia ">The debate on turning executions of capital convicts into terrifying spectacles of deterrence has gone on through all these years. </div> </article>  </div> <div class="slideshow--row__item pr-0 sm:pr-2 mb-2 sm:border-r sm:border-r-solid sm:border-r-grey-lighter border-b border-b-solid sm:border-b-grey-lighter sm:border-b-none equalize last-child-border-none float-left" data-id="1" style="width:24%;margin-right:1.3333333333333%;">  <article class="box story mt-1 mb-1 sm:mb-2 sm:mt-0 pt-0 pb-1 sm:pb-2 pt-1 sm:pt-0 pr-0" data-id="1580307" data-layout="story">  <figure class="media media--focus media--fill sm:w-full w-1/4 sm:mr-0 mr-2 sm:float-none float-left media--no-margin-bottom "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580307/reviling-the-other"><picture><img src="https://web.archive.org/web/20200918143504im_/https://i.dawn.com/medium/2020/09/5f6419a61276a.jpg" alt="Reviling the ‘other’"/></picture></a></div> </figure>  <h2 dir="auto" data-layout="story" data-id="1580307" class="story__title font-playfair-display text-black-light text-4 leading-tight py-0 "><a href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580307/reviling-the-other" class="story__link ">Reviling the ‘other’ </a></h2> <div dir="auto" class=" mt-1 "><span dir="auto" class="story__byline text-3 text-black "><a class="story__byline__link" href="https://web.archive.org/web/20200918143504/https://www.dawn.com/authors/1133/jan-e-alam-khaki">Jan-e-Alam Khaki</a></span> </div>  <div dir="auto" class="story__excerpt text-3.5 text-black font-georgia ">Let us build our relations on the basis of respect and dignity. </div> </article>  </div> <div class="slideshow--row__item pr-0 sm:pr-2 mb-2 sm:border-r sm:border-r-solid sm:border-r-grey-lighter border-b border-b-solid sm:border-b-grey-lighter sm:border-b-none equalize last-child-border-none float-left" data-id="2" style="width:24%;margin-right:1.3333333333333%;">  <article class="box story mt-1 mb-1 sm:mb-2 sm:mt-0 pt-0 pb-1 sm:pb-2 pt-1 sm:pt-0 pr-0" data-id="1580306" data-layout="story">  <figure class="media media--focus media--fill sm:w-full w-1/4 sm:mr-0 mr-2 sm:float-none float-left media--no-margin-bottom "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580306/genie-in-a-bottle"><picture><img src="https://web.archive.org/web/20200918143504im_/https://i.dawn.com/medium/2020/09/5f6419550e9d7.jpg" alt="Genie in a bottle"/></picture></a></div> </figure>  <h2 dir="auto" data-layout="story" data-id="1580306" class="story__title font-playfair-display text-black-light text-4 leading-tight py-0 "><a href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580306/genie-in-a-bottle" class="story__link ">Genie in a bottle </a></h2> <div dir="auto" class=" mt-1 "><span dir="auto" class="story__byline text-3 text-black "><a class="story__byline__link" href="https://web.archive.org/web/20200918143504/https://www.dawn.com/authors/3/aasim-sajjad-akhtar">Aasim Sajjad Akhtar</a></span> </div>  <div dir="auto" class="story__excerpt text-3.5 text-black font-georgia ">A small spark can spiral into a raging inferno. </div> </article>  </div> <div class="slideshow--row__item pr-0 sm:pr-2 mb-2 sm:border-r sm:border-r-solid sm:border-r-grey-lighter border-b border-b-solid sm:border-b-grey-lighter sm:border-b-none equalize last-child-border-none float-left" data-id="3" style="width:24%;">  <article class="box story mt-1 mb-1 sm:mb-2 sm:mt-0 pt-0 pb-1 sm:pb-2 pt-1 sm:pt-0 pr-0" data-id="1580119" data-layout="story">  <figure class="media media--focus media--fill sm:w-full w-1/4 sm:mr-0 mr-2 sm:float-none float-left media--no-margin-bottom "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580119/listen-to-the-critics"><picture><img src="https://web.archive.org/web/20200918143504im_/https://i.dawn.com/medium/2020/09/5f62c5a79b9dd.jpg" alt="Listen to the critics"/></picture></a></div> </figure>  <h2 dir="auto" data-layout="story" data-id="1580119" class="story__title font-playfair-display text-black-light text-4 leading-tight py-0 "><a href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580119/listen-to-the-critics" class="story__link ">Listen to the critics </a></h2> <div dir="auto" class=" mt-1 "><span dir="auto" class="story__byline text-3 text-black "><a class="story__byline__link" href="https://web.archive.org/web/20200918143504/https://www.dawn.com/authors/1230/i-a-rehman">I.A. Rehman</a></span> </div>  <div dir="auto" class="story__excerpt text-3.5 text-black font-georgia ">Any organisation urging Pakistan to solve the matter of enforced disappearances is acting as a friend. </div> </article>  </div> </div><div class="clear-both"> </div></div> </div> <div class="border-t-3 border-t-solid border-t-black sm:mx-2 mx-0"> <h3 class="my-2"><a class="font-playfair-display text-6 leading-tight text-black-light" href="/web/20200918143504/https://www.dawn.com/opinion">Editorial</a></h3> <div class=" mt-2 slideshow--list "> <div class="clear-both"> <div class="slideshow--row__item active pr-0 sm:pr-2 mb-2 sm:border-r sm:border-r-solid sm:border-r-grey-lighter border-b border-b-solid sm:border-b-grey-lighter sm:border-b-none equalize last-child-border-none float-left" data-id="0" style="width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 sm:mb-2 sm:mt-0 pt-0 pb-1 sm:pb-2 pt-1 sm:pt-0 pr-0" data-id="1580305" data-layout="story"><span class="story__time text-2.5 text-grey font-arial "> 18 Sep 2020</span>  <h2 dir="auto" data-layout="story" data-id="1580305" class="story__title text-3.5 font-playfair-display text-black-light text-3.5 leading-tight "><a href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580305/economic-prospects" class="story__link ">Economic prospects </a></h2>  <div dir="auto" class="story__excerpt text-3.5 text-black font-georgia ">THE Asian Development Bank says Pakistan’s economy is moving out of the coronavirus-induced sluggishness and... </div> </article>  </div> <div class="slideshow--row__item pr-0 sm:pr-2 mb-2 sm:border-r sm:border-r-solid sm:border-r-grey-lighter border-b border-b-solid sm:border-b-grey-lighter sm:border-b-none equalize last-child-border-none float-left" data-id="1" style="width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 sm:mb-2 sm:mt-0 pt-0 pb-1 sm:pb-2 pt-1 sm:pt-0 pr-0" data-id="1580304" data-layout="story"><span class="story__time text-2.5 text-grey font-arial "> 18 Sep 2020</span>  <h2 dir="auto" data-layout="story" data-id="1580304" class="story__title text-3.5 font-playfair-display text-black-light text-3.5 leading-tight "><a href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580304/parliament-shock" class="story__link ">Parliament shock </a></h2>  <div dir="auto" class="story__excerpt text-3.5 text-black font-georgia ">THIS week’s tumultuous joint sitting of parliament was eerily reminiscent of last year’s Senate session, where... </div> </article>  </div> <div class="slideshow--row__item pr-0 sm:pr-2 mb-2 sm:border-r sm:border-r-solid sm:border-r-grey-lighter border-b border-b-solid sm:border-b-grey-lighter sm:border-b-none equalize last-child-border-none float-left" data-id="2" style="width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 sm:mb-2 sm:mt-0 pt-0 pb-1 sm:pb-2 pt-1 sm:pt-0 pr-0" data-id="1580303" data-layout="story"><span class="story__time text-2.5 text-grey font-arial ">Updated 18 Sep 2020</span>  <h2 dir="auto" data-layout="story" data-id="1580303" class="story__title text-3.5 font-playfair-display text-black-light text-3.5 leading-tight "><a href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580303/cricket-grievances" class="story__link ">Cricket grievances </a></h2>  <div dir="auto" class="story__excerpt text-3.5 text-black font-georgia ">It is no secret that the decision to abolish the departments was the brainchild of the prime minister himself. </div> </article>  </div> <div class="slideshow--row__item pr-0 sm:pr-2 mb-2 sm:border-r sm:border-r-solid sm:border-r-grey-lighter border-b border-b-solid sm:border-b-grey-lighter sm:border-b-none equalize last-child-border-none float-left" data-id="3" style="width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 sm:mb-2 sm:mt-0 pt-0 pb-1 sm:pb-2 pt-1 sm:pt-0 pr-0" data-id="1580115" data-layout="story"><span class="story__time text-2.5 text-grey font-arial "> 17 Sep 2020</span>  <h2 dir="auto" data-layout="story" data-id="1580115" class="story__title text-3.5 font-playfair-display text-black-light text-3.5 leading-tight "><a href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580115/unfair-justice" class="story__link ">Unfair justice </a></h2>  <div dir="auto" class="story__excerpt text-3.5 text-black font-georgia ">IN remarks that mirror reality, the attorney general of Pakistan, Khalid Jawed Khan, acknowledged that our criminal... </div> </article>  </div> <div class="slideshow--row__item pr-0 sm:pr-2 mb-2 sm:border-r sm:border-r-solid sm:border-r-grey-lighter border-b border-b-solid sm:border-b-grey-lighter sm:border-b-none equalize last-child-border-none float-left" data-id="4" style="width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 sm:mb-2 sm:mt-0 pt-0 pb-1 sm:pb-2 pt-1 sm:pt-0 pr-0" data-id="1580114" data-layout="story"><span class="story__time text-2.5 text-grey font-arial "> 17 Sep 2020</span>  <h2 dir="auto" data-layout="story" data-id="1580114" class="story__title text-3.5 font-playfair-display text-black-light text-3.5 leading-tight "><a href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580114/unreasonable-bill" class="story__link ">Unreasonable bill </a></h2>  <div dir="auto" class="story__excerpt text-3.5 text-black font-georgia ">THE right to freedom of speech as stipulated in Article 19 of the Constitution is subject to “reasonable... </div> </article>  </div> <div class="slideshow--row__item pr-0 sm:pr-2 mb-2 sm:border-r sm:border-r-solid sm:border-r-grey-lighter border-b border-b-solid sm:border-b-grey-lighter sm:border-b-none equalize last-child-border-none float-left" data-id="5" style="width:15.666666666667%;">  <article class="box story mt-1 mb-1 sm:mb-2 sm:mt-0 pt-0 pb-1 sm:pb-2 pt-1 sm:pt-0 pr-0" data-id="1580113" data-layout="story"><span class="story__time text-2.5 text-grey font-arial "> 17 Sep 2020</span>  <h2 dir="auto" data-layout="story" data-id="1580113" class="story__title text-3.5 font-playfair-display text-black-light text-3.5 leading-tight "><a href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580113/comeback-formula" class="story__link ">Comeback formula </a></h2>  <div dir="auto" class="story__excerpt text-3.5 text-black font-georgia ">THE choice is before former prime minister Mian Nawaz Sharif. He can continue to take refuge in the advice of his... </div> </article>  </div> </div><div class="clear-both"> </div></div> </div> <div class="px-2">  <div class="ad py-4 block sm:hidden" aria-hidden="true"> <div class="ad__label " style="max-width:320px;">Advertisement</div> <div class="js-ad clearfix" style="max-width:320px;max-height:100px;text-align:center;margin:0 auto;overflow:hidden;"> <div class="radWrapper rad--multi ad__wrapper"> <div id="div-gpt-ad-1539321627240-0" class="ad__wrapper__slot" style="width:320px;height:100px;"> <script> render('div-gpt-ad-1539321627240-0') </script> </div> </div> </div> </div>  </div> </div>  </div> </div> <div class="navstory navstory--prev" title="You can also use your keyboard ← (left arrow) or → (right arrow) to navigate stories"> <a class="navstory__arrow navstory__arrow--prev" href="https://web.archive.org/web/20200918143504/https://www.dawn.com/news/1580013/israeli-jets-bomb-gaza-after-rocket-fire-clouds-peace-deal-signing">&lsaquo;</a> 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Foreign investment jumps 24pc in August - Newspaper - DAWN.COM