Pakistan received 10-month high foreign investment of $317.4 million in different sectors of the economy in October 2020, particularly power production, 3G/4G mobile internet and oil and gas exploration, according to central bank data released on Monday.

A significant share of investment, estimated at over 70%, flowed into the country from all-season friend China. Most of the investment went to coal-fired power projects, the data suggested.

“Most of the other potential foreign investors are still engaged in fighting Covid-19 and may take some more time to stabilise their economies and then they will resume investment activities around the world, including Pakistan,” Alpha Beta Core CEO Khurram Schehzad said while talking to The Express Tribune.

https://tribune.com.pk/story/2272499/fdi-hits-10-month-high