Islamabad January 31 2024: During the period of July to December in the fiscal year 2024, Pakistan saw a significant increase in foreign direct investment, receiving a total amount of USD 862 million, according to data published by State Bank of Pakistan.
This marked a substantial growth of 34.8 percent compared to the corresponding period in the previous fiscal year.
Total foreign investment during Jul-Dec FY2024 recorded an inflow of USD 933.7 million against an outflow of USD 393.3 million last year. FDI stood at USD 862.6 million (USD 640.0 million last year) increasing by 34.8 percent.
China contributed the highest Foreign Direct Investment (FDI) with USD 292.8 million, holding a 33.9% share, followed by Hong Kong with USD 191.0 million (22.1%), the UK with USD 121.6 million (14.1%), the Netherlands with USD 69.4 million (8.0%), and Switzerland with USD 25.3 million (2.9%). The power sector attracted the majority of FDI at USD 433.5 million (50.3% of total FDI), while Oil & Gas exploration received USD 129.8 million (15.0%), and the Financial Business sector garnered USD 91.1 million (10.6%).
During the review period, Foreign Private Portfolio Investment saw a net inflow of USD 70.8 million. Foreign Public Portfolio Investment experienced a net inflow of USD 0.2 million. In total, Foreign Portfolio Investment recorded a net inflow of USD 71.0 million, contrasting with the USD 1033.3 million outflow observed in the previous year.
