Pakistan’s net Foreign Direct Investment (FDI) stood negative at $16 million in November 2020 compared to positive $192.4 million in the same month of last year, data released by the State Bank of Pakistan showed.
FDI has become negative after a gap of two years, as power and telecom firms operating in Pakistan apparently had to transfer funds to their parent companies in China and Norway, respectively.
Short-term investors were, however, seen again making small investments in the government debt securities like treasury bills and Pakistan Investment Bonds (PIBs) in November.
Cumulatively, in first five months (Jul-Nov) of the current fiscal year (2020-21), net FDI dropped 17pc to $717.1 million compared to $864.4 million in the same period of last year.
