Canada leads FDI in Pakistan with net inflow of around $65m in November
MG News | December 17, 2024 at 08:13 PM GMT+05:00
December 17, 2024 (MLN): Canada emerged as the largest investor in Pakistan in November 2024, with a net direct investment of round $65 million, followed by China and United Kingdom which invested $54.45m and $18.92m respectively, according to the data issued by the State Bank of Pakistan (SBP).
During 5MFY25, China remained the largest investor, followed by Hongkong and the United Kingdom with net FDI of $469m, $115.66m, and $112.99m respectively.
It is pertinent to note that the total FDI in 5MFY25 stood at $1.12bn, up 31.26% YoY compared to FDI of $856m in 5MFY24.
China held the majority proportion (41.74%) of direct investments in the country during 5MFY25, and investment from the respective country has increased substantially by 60% YoY when compared with the figure of $293.16m in 5MFY24.
Hongkong’s contribution in net FDI stood at $115.66m (10.29%) in the 5MFY25, up by 44.11% YoY compared to $80.25m in SPLY.
The third major investor during 5MFY25, United Kingdom’s share was 10.06% with a direct investment of $113m, growing by 13.47% YoY.
Other major important investors were Switzerland, Canada and France with a net FDI of $66.64m, $64.89m, and $56.76m respectively during 5MFY25.
The Foreign Portfolio Investment (FPI), which represents an investment in the equity market (both direct and indirect) during November stood at negative $37.02m.
On a cumulative basis, FPI showed an investment of $148.69m during 5MFY25, against an investment of $38.79m in the SPLY.
Luxembourg emerged as the biggest portfolio investor during the month, as it invested $5.3m during the month and $2.6m during 5MFY25.
The total foreign investment in the review month clocked in at $182.2m.
On a cumulative basis, within 5MFY25, total foreign investment was reported at $1.27bn as compared to foreign investment of $894.76m incurred in the corresponding period last year.
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