AIRLINK 182.00 Increased By ▲ 1.14 (0.63%)
BOP 11.77 Increased By ▲ 0.10 (0.86%)
CNERGY 7.52 Increased By ▲ 0.02 (0.27%)
FCCL 46.25 Increased By ▲ 0.18 (0.39%)
FFL 16.23 Decreased By ▼ -0.03 (-0.18%)
FLYNG 27.50 Increased By ▲ 0.26 (0.95%)
HUBC 133.00 Increased By ▲ 0.93 (0.7%)
HUMNL 13.00 Decreased By ▼ -0.02 (-0.15%)
KEL 4.63 Increased By ▲ 0.06 (1.31%)
KOSM 6.10 No Change ▼ 0.00 (0%)
MLCF 59.65 Increased By ▲ 0.48 (0.81%)
OGDC 225.22 Increased By ▲ 3.84 (1.73%)
PACE 5.90 Increased By ▲ 0.03 (0.51%)
PAEL 45.60 Increased By ▲ 0.06 (0.13%)
PIAHCLA 18.06 Increased By ▲ 0.10 (0.56%)
PIBTL 10.27 Increased By ▲ 0.09 (0.88%)
POWER 11.70 Decreased By ▼ -0.15 (-1.27%)
PPL 187.51 Increased By ▲ 3.42 (1.86%)
PRL 37.05 Increased By ▲ 0.51 (1.4%)
PTC 25.40 Increased By ▲ 0.44 (1.76%)
SEARL 101.11 Decreased By ▼ -0.12 (-0.12%)
SILK 1.16 Decreased By ▼ -0.01 (-0.85%)
SSGC 37.50 Increased By ▲ 0.24 (0.64%)
SYM 15.42 Increased By ▲ 0.22 (1.45%)
TELE 7.90 Increased By ▲ 0.10 (1.28%)
TPLP 10.77 Increased By ▲ 0.13 (1.22%)
TRG 63.49 Increased By ▲ 2.93 (4.84%)
WAVESAPP 10.95 Increased By ▲ 0.13 (1.2%)
WTL 1.32 No Change ▼ 0.00 (0%)
YOUW 3.80 Increased By ▲ 0.09 (2.43%)
BR100 12,348 Increased By 15.9 (0.13%)
BR30 37,818 Increased By 46.2 (0.12%)
KSE100 116,911 Increased By 711 (0.61%)
KSE30 36,113 Increased By 206.4 (0.57%)

KARACHI: Foreign Direct Investment (FDI) in the country rose by 17 percent during the last fiscal year (FY24). The State Bank of Pakistan (SBP) on Friday reported that Pakistan fetched FDI amounting to $1.901 billion during FY24 compared to $1.627 billion in FY23, showing an increase of $274.6 million. During the period under review, FDI inflows were $2.955 billion as against $1.053 billion outflows.

The massive growth in FDI is mainly due to Chinese investment. China is the largest contributor in the FDI with 30 percent share and $568 million investment during the last fiscal year.

However, in terms of growth China’s investment in Pakistan declined 18 percent from 93 million recorded in FY23. Hongkong ranked second with $358 million FDI and the UK third with $268 million investment in Pakistan during the last fiscal year.

July-May FDI grows $224m to $1.729bn YoY

Month-on-month basis, statistics are also encouraging as FDI rose by 37 percent in June 2024. According to SBP, $ 169 million worth of FDI was received in June 2024 versus $ 123 million in June 2023.

The second component of the foreign investment i.e. portfolio investment also recorded an 845 percent surge during the last fiscal year. Portfolio investment stood at $120.2 million in July-June of FY24 as against the outflow of $16 million in the same period of last fiscal year.

Total foreign investment in Pakistan, comprising foreign direct investment, portfolio investment and foreign public investment registered a growth of 153 percent or $ 918.4 million to reach $1.519 billion in FY24 compared to $600.7 million in FY23.

Copyright Business Recorder, 2024

Comments

Comments are closed.

KU Jul 20, 2024 10:55am
Doesn't do justice to BR reporting when sectors are not mentioned which were focus of this FDI, but one is sure its finance and power sector, best returns even when skin is ripped off people.
thumb_up Recommended (0)