FACT SHEET: FOREIGN INVESTMENTS IN PAKISTAN

S.M. ABBAS ZAIDI, S.KAMAL HAYDER KAZMI,
Research Analyst
, PAGE

Sep 8 - 14, 2008

TOTAL FOREIGN INVESTMENT (JULY-JUNE) $ MILLION

 

2006-2007

JULY-JUNE

CHANGE OVER LAST YEAR

   

2007

2008

ABSOLUTE

% AGE

Foreign Private Investment

6960.0

6960.0

5172.1

(1,787.9)

(25.7)

Foreign Direct Investment

5139.6

5139.6

5152.8

13.2

0.3

Of which Privatization Proceeds

266.4

266.4

133.2

(133.2)

(50.0)

without Privatization Proceeds

4873.2

4873.2

5019.6

. .

Portfolio Investment

1820.4

1820.4

19.3

(1,801.1)

(98.9)

Equity Securities

1570.4

1570.4

19.3

(1,551.1)

(98.8)

of which GDRs of UBL Bank

559.7

559.7

90.5

. .

of which GDRs of MCB Bank

150.0

150.0

. . .

of which GDRs of Lucky Cement

. .

106.5

. .

Debt Securities

250.0

250.0

.

(250.0)

(100.0)

TFCs of PMLC

. . . . .

International bonds of PMLC

250.0

250.0

.

(250.0)

(100.0)

Foreign Public Investment

1468.3

1468.3

20.8

(1,447.5)

(98.6)

Portfolio Investment

1468.3

1468.3

20.8

(1,447.5)

(98.6)

Equity Securities

738.0

738.0

.

(738.0)

(100.0)

of which GDRs of OGDC

738.0

738.0

.

(738.0)

.

Debt Securities *

730.3

730.3

20.8

(709.5)

.

Total Foreign Investment

8428.3

8428.3

5192.9

(3,235.4)

(38.4)

* Net sale/purchaseof special US$ bonds, FEBC, DBC, T-bills and PIBs
Source: Finance Ministry


COUNTRY-WISE FDI TO PAKISTAN, 2007-2008

COUNTRIES

PERCENT

USA

25

Malaysia

13

UAE

11

UK

9

Rest of the World

42

Source: Finance Ministry


SECTOR-WISE FDI TO PAKISTAN, 2007-2008

SECTORS

PERCENT

Communication

32

Financial Business

31

Energy Sector

15

Trade

3

Others

19

Source: Finance Ministry


NUMBER OF PRIVATIZED TRANSACTIONS

SECTOR

FROM 1991 TO JUN 06

FROM JUL 06 TO JUN 07

FROM JUL 07 TO DEC 07

NO.

TOTAL

NO.

AMOUNT

NO.

AMOUNT

NO.

AMOUNT

AMOUNT

Banking

7

41,023

       

7

41,023

Capital Market Transaction

18

32,190

3

83,614

1

17,320

22

133,124

Energy

14

51,756

       

14

51,756

Telecom

4

187,360

       

4

187,360

Automobile

7

1,102

       

7

1,102

Cement

16

11,862

1

4,316

   

17

16,178

Chemical / Fertilizer

20

24,353

2

16,229

   

22

40,582

Engineering

7

183

       

7

183

Ghee Mills

24

843

       

24

843

Rice / Roti Plants

23

324

       

23

324

Textile

3

215

1

156

   

4

371

Newspapers

5

271

       

5

271

Tourism

4

1,805

       

4

1,805

Others

6

159

       

6

159

Total in billion

158

353,446

7

104,315

1

17,320

166

475,081

Source: Privatization Commission


FOREIGN DIRECT INVESTMENT IN PAKISTAN

$( MILLION )

YEARS

FDI

2001-02

484.7

2002-03

798

2003-04

979.9

2004-05

1524

2005-06

3521

2006-07

5139.6

2007-08

5152.8

Source: Ministry of Finance


PRIVATIZED TRANSACTION

Rs (in million)

SR. NO

UNIT NAME

SALE PRICE

DATE OF TRANSFER

BUYER NAME

.

BANK

. . .

BANKING AND FINANCE

1

United Bank Ltd. (51%) -1549465680

12,350.00

Oct-02

Consortium of Bestway & Abu Dhabi Group

2

Bank Alfalah (30%)(22,500,000)

620

Dec-02

Abu Dhabi Group

3

Habib Bank (51%)

22,409.00

Dec-03

Agha Khan Fund for Economic Development

ENERGY SECTOR

4

Kot Addu (Escrow A/c)

900.7

Apr-02

National Power

5

SSGC LPG business

369.0

Aug-00

Caltex Oil Pak.(Pvt) Ltd.

6

SSGC LPG business

142.0

Oct-01

Shell Gas LPG Pakistan

7

Badin II (Revised)

503.2

Jun-02

BP Pakistan & Occidental Pakistan

8

Adhi

618.9

May-02

Pakistan Oil Field

9

Dhurnal

161.0

May-02

Western Acquisition

10

Ratana

24.6

May-02

Western Acquisition

11

Badin I

6,433.00

Jun-02

BP Pakistan & Occidental Pakistan

12

Turkwal

75.6

Jun-02

Attock Oil Company

13

NRL (51% GOP shares)

16,415.00

May-02

Consortium of Attock Refinery Ltd

14

KESC (73% GOP shares)

15,859.70

Nov-05

Hassan Associates

TELECOMMUNICATIONS

15

26% (1.326 billion) B class of shares of PTCL

156,328.40

Jul-05

Etislat-UAE

16

Carrier Telephone Industries

500.0

Oct-05

Siemens-Pakistan Engineering Co. Ltd.

CEMENT

17

Associated Cement Rohri

255

Nov-03

National Transport Karachi

18

Thatta Cement

793

Jan-04

Al-Abbas Group

19

10% additional shares-Dandot Cement

8.3

Oct-04

EMG

20

10% additional shares-Kohat Cement

40.7

Oct-04

EMG

21

Mustehkam Cement Limited

3,204,.9

Nov-05

Bestway Cement Limited

22

Javedan Cement Company Limited

4,315.90

Aug-06

Haji Ghani Usman & Group

CHEMICAL

23

National Petrocarbon (addíl 10% shares)

2.3

Mar-02

Happy Trading

24

Khuram Chemicals (additional 10%)

6

Oct-03

Pfyzer Pakistan

25

10% additional shares - Ittehad Chemicals

26.1

Oct-04

EMG

FERTILIZER

26

Pak Saudi Fertilizers Ltd.

7,335.90

May & Sep-02

Fauji Fertilizers

27

Pak Saudi Fertilizers Ltd. (10%)

815

Sep-02

Fauji Fertilizers

28

Pak Arab Fertilizers (Pvt) Ltd. (94.8%)

14,125.60

May-05

Export Reliance- Consortium

29

Pak American Fertilizers (100%)

15,949.00

Jul-06

Azgard 9

30

Lyallpur Chemical & Fertilizers

280.2

Dec-06

Al Hamd Chemcial (Pvt) Limited

GHEE

31

Sh Fazal Rehman(addl- 10% shares)

2.3

May-05

Rose Ghee Mills

32

Burma Oil

20.1

Jan-00

Home Products Intl

33

E&M Oil Mills

94

Jul-02

Star Cotton Corp. Ltd.

34

Maqbool Oil Company Ltd.

27.6

Jul-02

Madina Enterprises

35

Kohinoor Oil Mills

80.7

May-04

Iqbal Khan

36

United Industries Limited

7.7

Sep-05

A. Akbar Muggo

TEXTILE

37

Bolan Textile Mills

128

Oct-05

Sadaf Enterprises

38

Lasbella Textile Mills

156

Nov-06

Raees Ahmed

MISCELLANEOUS

39

Al Haroon Building Karachi

110

Sep-02

LG Group

40

International Advertising (Pvt) Ltd.

5

Apr-05

EMG

TOURISM

41

Falleti's Hotel Lahore

1,211.0

Jul-04

4B Marketing

Source: Privatization Commission


AS ON 18-03-2008

LIST OF PRIVATIZATION TRANSACTIONS CURRENTLY INCLUDED IN THE PRIVATIZATION PROGRAMME OF PRIVATIZATION COMMISSION

S. NO.

TRANSACTIONS/UNITS

BANKING, FINANCE & INSURANCE

1

National Investment Trust Limited (NITL)

2

Small and Medium Enterprises (SME) Bank

3

First Women Bank

4

United Bank Limited

5

Habib Bank Limited

6

National Bank of Pakistan

7

National Insurance Corporation

8

Pakistan Insurance Corporation

9

State Life Insurance Corporation

OIL, GAS & ENERGY

10

Oil and Gas Development Corporation

11

Pak Arab Refinery Limited

12

Pakistan Petroleum Limited

13

Pakistan State Oil Company Limited

14

Sui Northern Gas Pipe Lines

15

Sui Southern Gas Pipe Lines

16

National Power Construction Company (NPCC)

17

Peshawar Electric Supply Company (PESCO)

18

Faisalabad Electric Supply Company (FESCO)

19

Jamshoro Power Company Limited (JPC)

FERTILIZERS

20

National Fertilizers Corporation

21

Hazara Phosphate & Fertilizers Limited

ENGINEERING

22

State Engineering Corporation and its units

23

National Construction Limited

24

Heavy Electrical Complex

25

Pakistan Machine Toll Factory

26

Pakistan Steel Mills Corporation & its units

27

Pakistan Steel Fabricating Company Limited

MINERAL & NATURAL RESOURCES

28

Pakistan Mineral Development Corporation (PMDC)

29

Lakhra Coal Mines

Ghee Units

30

Ghee Corporation of Pakistan

31

Morafco Industries (Machinery as is where is basis)

AUTOMOBILES

32

Pakistan Automobiles Corporation

33

Republic Motors Limited (Assets)

34

Sindh Engineering Limited

INFRASTRUCTURE

35

Civil Aviation Authority

36

Port Qasim Authority

37

Karachi Port Trust

38

National Highway Authority

TRANSPORT

39

Pakistan International Airlines Corporation

40

Pakistan National Shipping Corporation

41

Pakistan Railways & Its Allied Facilities, factories, workshops etc.

TOURISM

42

Pakistan Tourism Development Corporation

43

Services International Hotel Lahore

44

PTDC Motels and Restaurants

OTHERS

45

Printing Corporation of Pakistan

46

Tomato Paste Plant

CORPORATION & OTHERS (STATUS TO BE DETERMINED)

47

State Cement Corporation of Pakistan

48

Sate Petroleum Refining & Petrochemicals Corporation (PERAC)

49

Pakistan Industries Development Corporation

50

Utility Store Corporation and its stores

51

Trading Corporation of Pakistan

52

Cotton Export Corporation of Pakistan

53

Rice Export Corporation of Pakistan

54

Export Processing Zone Authority

55

Pakistan Industrial and Technical Training Center

56

Convention Center, Islamabad

57

Pakistan Engineering Company (PECO)

Upcoming Transactions

Source: Privatization Commission