The flow of foreign direct investment (FDI) into the country, especially for initiating new projects, will improve gradually until Coivd-19 challenges are overcome across the globe. Cumulatively, in three months (July-September), Chinese firms were the largest investors with net FDI of $103.6 million, followed by Malta with capital injection of $55.6 million and the Netherlands with $49.1 million. Norway was the largest investor with net FDI of $248.2 million in the same quarter of last year. It was followed by Malta with net investment of $55.6 million and China with $55.4 million. Sector-wise FDIThe power sector attracted the largest foreign investment of $107.8 million in September 2020, followed by the oil and gas exploration sector, which received foreign investment of $32.9 million.

Source: The Express Tribune October 17, 2020 04:30 UTC