China's investment key driver of FDI in Pakistan: report

The United Nations Conference on Trade and Development recently published the World Investment Report 2017.

According to the report, foreign direct investment (FDI) in Pakistan increased by 56 percent to reach US$2.01 billion in 2016, pulled by China's rising investment in infrastructure related to the Belt and Road Initiative, especially projects under the China-Pakistan Economic Corridor (CPEC).

The power and transportation projects along the economic corridor have also attracted huge amounts of investment from other countries.

FDI in developing countries in Asia reached US$443 billion in 2016, down 15 percent.

The FDI in South Asia in 2016 amounted to US$54 billion, up 6 percent as Pakistan and India performed well.