Pakistan’s FDI reaches $219 million in November 2024, reports SBP

Pakistan has witnessed a significant surge in foreign direct investment (FDI) during the first five months of the current fiscal year, with a 31% increase compared to the same period last year, according to a report from the State Bank of Pakistan (SBP) cited.

The SBP’s data revealed that net FDI inflows reached $219 million in November 2023, marking a 27% rise year-on-year. This increase is also reflected in the month-on-month comparison, with FDI soaring by 65% from October when the country received $133 million in foreign investment.

The data further highlighted that Chinese companies remain the largest investors in Pakistan, accounting for 60% of the total FDI. From July to November 2023, Chinese firms invested $469 million. Hong Kong followed closely behind with a 44% increase in investment, totalling $116 million during the same period.

The United Kingdom also showed a positive trend, contributing $113 million in FDI, up from $100 million during the same months in FY24.