KARACHI: The Foreign Direct Investment (FDI) in the country rose by 64 percent during the first month of this fiscal year (FY25), the State Bank of Pakistan (SBP) reported on Monday.

Pakistan attracted net FDI amounting to $136.3 million in July 2024, compared to net inflow of $83.2 million during July 2023, showing an increase of $53 million. During the period under review, FDI inflows were $198.3 million as against outflow of $62 million.

Most of the investment arrived from China under the CPEC related projects. FDI from China increased from $ 21.2 million to reach $45 million in the first month of the current fiscal year. Hong Kong ranked second with $ 44.4 million and Sweden third with $24.2 million investment in Pakistan.

Portfolio investment also surged by 45.4 percent or $7.4 million to reach $23.6 million in the first month of this fiscal year as against $16.3 million investment in the same period of last fiscal year.

The country’s total foreign investment including FDI, portfolio investment and foreign public investment, recorded an increase of 189 percent during the period under review. Total foreign investment in the country rose to $305 million in July 2024 up from $105.5 million in July 2023.

Copyright Business Recorder, 2024