FDI in Pakistan Surges 172% Year-on-Year in April 2024

 FDI in Pakistan Surges 172% Year-on-Year in April 2024

Foreign Direct Investment (FDI) in Pakistan surged by 172% year-on-year in April 2024, according to data released by the State Bank of Pakistan (SBP). The inflow in April was $358.8 million, compared to $132 million in April FY23, marking a significant increase. Additionally, the April inflow was 39% higher than the $258 million recorded in March.

China emerged as the largest investor, contributing $439.3 million during the July-April FY24 period, though this was lower than the $604 million invested in the same period last year. In April alone, China invested $177 million.

The United Arab Emirates and Canada were the second and third largest investors, with $51.93 million and $51.89 million, respectively.

The power sector was the biggest attraction for foreign investors during July-April FY24, with FDI in this sector amounting to $637.5 million. This was a decrease from the $776.2 million invested last year. Specifically, Hydel Power attracted $460 million this year, up from $338 million last year.

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