Pakistan Attracts $271 Million in Foreign Direct Investment in May 2024
In May 2024, Pakistan received a net Foreign Direct Investment (FDI) of $271 million, marking a 74% increase from the $156 million recorded in the same month of FY23.
During May 2024, foreign direct investment inflows totaled $339 million, which was 66% higher compared to $204 million in May 2023. Outflows in May 2024 amounted to $68 million, up 42% from the $48 million outflows in May 2023.
For the eleven months of the current fiscal year (11MFY24), net FDI inflows reached $1.729 billion, showing a 15% increase from $1.505 billion in 11MFY23.
China led in FDI inflows during 11MFY24 with $521 million, followed by Hong Kong with $322 million, the United Kingdom with $244 million, the United States with $128 million, and the UAE with $84 million.
The power sector received the highest FDI inflows of $742 million during this period, followed by oil and gas exploration at $277 million, financial business at $188 million, and petroleum refining at $86 million.
