Home arrow News arrow National arrow Malaysia emerges as biggest FDI investor in Pakistan
 

Today is,

Friday, 29 May 2015

 

Home | About Us | News | User Login | Jobs | Employees | Contact Us | Tender Notices
Untitled Document
Main Menu
Home
News
Blog
Links
Search
Contacts
News Section
National
World
Sport
Business
Forex
Weather
Articles & Features
World News
UN chief voices concern about uptick in Yemen fighting in phone call to country's president -
UNITED NATIONS, May 28 (APP):  Secretary-General Ban Ki-moon has voiced concern about the escalation of fighting in Yemen in a telephone conversation with the country's President, who lives in Saudi Arabia, the United Nations said Thursday.


Pakistan calls for boosting efforts to protect journalists -
UNITED NATIONS, May 28 (APP): Stressing the crucial role journalists play in providing authentic information, Pakistan has called for stepped up efforts to ensure safety and security of media professionals, especially in the situations of armed conflict.


UNSC adopts resolution violence against journalists, urges end to impunity -
UNITED NATIONS, May 28 (APP):  The United Nations Security Council Wednesday adopted a resolution condemning the frequent attacks against journalists worldwide and strongly deploring impunity for such acts.


Pakistan embassy disappointed over NY editorial over Axact scandal -
Washington, May 27 (APP): A spokesman of the Pakistan Embassy in Washington expressed disappointment over a recent editorial by the New York Times suggesting Pakistan's government complicity in a case of bogus-degree that allegedly involved Axact, a Pakistan-based company.


Rate of world hunger dropping amid wider eradication efforts: UN report -
UNITED NATIONS,  May 27 (APP): The number of the world’s chronically undernourished has dropped below the 800 million mark as an increasing number of countries hit their Millennium Development Goal (MDG) targets on hunger, according to a new United Nations report released Wednesday by the Organization’s three food agencies. 


Sport News
Pakistan A, B teams win inaugural matches of 6-Red Snooker C'ship
ISLAMABAD, May 28 (APP): Pakistan's A and B snooker teams opened their first day on winning notes beating Iraq A, Iran C and India A team in the 3rd Asian Team Event and 4th 6-Red Snooker Championships in Kish Island (Iran) on Thursday.
 
Youth volleyball, badminton teams to undergo training in China
ISLAMABAD, May 28 (APP): Pakistan Sports Board (PSB) Youth Volleyball and Badminton teams are participating in a 12-day training-cum-competition course in Beijing, China.
 
Iran's Vehedi win Asian 6-Red snooker crown
KARACHI, May. 28 (APP)- Sohail Vahedi clinched the Asian 6-Red Snooker Championship when he defeated Ehsan Hyderinezhad 7-4 in all Iranian final in Kish Island (Iran), according to informations received here on Thursday.
 
Atiq hopes Amir get an international recall
ISLAMABAD, May 28 (APP): Former cricketer and Sui Southern Gas Company (SSGC) head coach Atiq-uz-Zaman believes that Muhammad Amir's inclusion in the SSGC squad will help him get back to his best and would hopefully earn him an international
recall.
 
COAS presents cash award to 17-year old boy for winning gold medal in Asian Jr AthleticsChampionship
ISLAMABAD, May 27 (APP): Chief of Army Staff (COAS) General Raheel Sharif on Wednesday congratulated Muhammad Afzal, 17-year old young boy who won the first ever gold medal for Pakistan in Asian Junior Athletics Championship held at Doha, Qatar in the current month.
 
Archive
Latest News
PM took brave decision about atomic blasts: Irfan Siddique - Country to be made Asian tiger: Sheikh Aftab - Punjab CNG stations set to open Friday - Ashrafi urges Ummah to jointly resolve Muslim\'s issues - Chairman State Military Industrial Committee Belarus calls on CJCSC - Nation celebrates Youm-e-Takbeer
Malaysia emerges as biggest FDI investor in Pakistan PDF Print E-mail
HTML clipboard

ISLAMABAD, Dec 31 (APP): Malaysia tops the list of investors making Foreign Direct Investment (FDI) in Pakistan during first six month of year 2008, according to data released by Ministry of Foreign Affairs. The Foreign Direct Investment during the first five months of current financial year reached US$ 1.8 billion registering an increase of 1.5 percent, export reached to US$ 8.2 billion with a growth of 20 percent and foreign remittance at 2.9 billion registered an impressive increase of 15pc.

The May Bank made the biggest investment of US$ 907 million in banking sector followed by Saudi Arabia with an investment of US$ 750 million in steel sector and UAE with an investment of US$ 500 million in power sector.

The global economic meltdown has not deterred the foreign investors including Malaysia to invest in Pakistan, as the Pakistan’s economy showed extreme resilience and defied the economic recession with registering growth in FDIs, Export and Foreign Remittance.

According to the data, another ASEAN member country Singapore has made an investment of US$ 147 million in banking sector and US$ 30 million in power sector and as such trails far beyond Malaysia.

Other countries who are flocking Pakistan for FDI in banking sector are Switzerland with an investment of US$ 200 million, United Kingdom US$ 125 and Saudi Arabia US$ 200 million.

The countries making investment in Hypermarkets in Pakistan are Germany with an investment of US$ 100, Holland with an investment of US$ 100 million and France with an investment of US$ 40 million, whereas countries making investment in power sector are UAE with an investment of US$ 500 million, OPEC with an investment of US$ 30 million and  Turkey with an investment of US$ 130 million.

The information released by the Ministry of Foreign Affairs says that China, UAE and Korea have also announced additional investment in telecom, banking and power sectors. China has announced US$ 800 million in Telecom sector, UAE has announced an investment of US$ 2 billion in banking sector and Republic of Korea has announced investment of US$ 300 million in Hydropower sector.

In addition, Chinese companies have further announced FDI to Pakistan at US$ 5 billion and UAE/Saudi Arabian companies have assured FDI of US$  3 billion during current financial year of 2008-09.

The data further suggests that foreign investors who have burnt their fingers elsewhere are finally beginning to look at Pakistan as safe haven for long term sustainable and profitable partnership.

 
China News
News About China

 

Grievance Commissioner Wafaqi Mohtasib
Grievance Commissioner Wafaqi Mohtasib
Budget 2014-2015
Federal Budget
Highlights 2014-2015
Punjab Budget
Sindh Budget
KPK Budget
Balochistan Budget
A.J.K Budget
Gilgit Baltistan Budget
Elections 2013
Elections 2013 News
Code of Conduct
Code of Conduct
Manifestos of Parties
Manifestos of Political Parties
Economic Survey
Economic Survey 2013-2014
Presidential address to the joint sitting of parliament
Presidential address to the joint sitting of parliament
Profiles
Profile of the President
Profile of Prime Minister
Profiles of Chairman and deputy Chairman Senate
Profiles of Speakers and Deputy Speakers
Profile of Governors
Profiles of Chief Ministers
Profiles of Federal Ministers
Portfolios of Federal Ministers
Portfolios of Provincial Ministers
Parlimentary Proceedings
National Assembly
Senate
Latest News