China Leads with $568M in FDI in Pakistan for FY24: SBP
On July 19, the State Bank of Pakistan (SBP) revealed that China was the top investor in Pakistan for fiscal year 2024 (FY24), with $568.2 million in foreign direct investment (FDI).
Hong Kong and the United Kingdom were the second and third largest investors, with net investments of $358.51 million and $268.19 million, respectively. Total FDI for FY24 was $1.9 billion, up 16.88% from $1.63 billion in FY23.
China accounted for nearly 30% of the FDI but saw a significant decrease of 17.95% compared to $692.52 million in FY23. Hong Kong’s investment increased by 43.3% from $250.18 million in the previous year. The UK’s investment declined slightly by 0.61% from the previous year.
Other notable investors included the United States with $137.29 million, Singapore with $100.06 million, and Canada with $95.52 million. Foreign Portfolio Investment (FPI), which covers investments in the equity market, was positive at $175.68 million.
The United Kingdom was the largest portfolio investor for the month, contributing $18.27 million. Total foreign investment for FY24 was reported at $1.52 billion, compared to $600.75 million in the same period last year.
