Pakistan named among top 5 nations with most investment for the first time

Pakistan named among top 5 nations with most investment for the first time during the first hard year , according to World Bank.

The WB confirmed Pakistan has become one of the five countries in the world with the most investment in the first half-year of 2020.

Pakistan named among top 5 nations with most investment

According to the World Bank report, Pakistan had the fourth highest investment commitments.

That listed Pakistan as new entrant to the top five countries this year—with US$1.9 billion of investment commitments, accounting for 0.69 percent of GDP.”

Private Participation in Infrastructure (PPI) 2020 Half Yearly Report says so.

The report termed the current year’s Private Participation in Infrastructure as unprecedented because of COVID-19.

Because that has brought many sectors, including infrastructure, to a near standstill.

Since the beginning of 2020, existing infrastructure projects delayed or canceled due to supply chain disruptions, travel and shipping restrictions, and other obstacles.

Total commitments in the first half of 2020 stood at US$21.9 billion across 128 projects in 34 countries.

It showed a decline of 56 percent from the same period in 2019.

Meanwhile, COVID-19 has significantly decreased financial closures of investment projects across the globe.

Particularly, it badly hit the East Asia and Pacific (EAP) region.

The Thar power plant in Pakistan and the pipeline in Mexico listed as the only two megaprojects around the world to reach financial closure in the first half-year of 2020.

GTV