March, 20 2024 (MLN): China emerged as the largest investor in Pakistan in February 2024, with a net direct investment of $42.45m, followed by the Hongkong and United Kingdom which invested $27.66m and $22.22m respectively,according to the data issued by the State Bank of Pakistan (SBP).

During Jul-Feb FY24, Hongkong remained the largest investor, followed by United Kingdom and China with net FDI of $234.59m, $163.71m, and $80.37m respectively.

It is pertinent to note that the total FDI in 8MFY24 stood at $820.65m, down 17.12% YoY compared to the FDI of $990.15m in 8MFY23.

Hongkong held the majority proportion (28.59%) of direct investments in the country during 8MFY24, however, investment from the respective country has declined substantially by 50.34% YoY when compared with the figure of $472.4m in 7MFY23.

United Kingdom’s contribution in net FDI stood at $163.71m (19.95%) in the 8MFY24, up by 2.04% YoY compared to $160.44m in SPLY.

The third major investor during 8MFY24, China’s share was 9.79% with a direct investment of $80.37m, declining by 82.99% YoY.

Other major important investors were the United States, Netherlands and Singapore with a net FDI of $79.56m, $58.7m, and $52.73m respectively during 8MFY24.

The Foreign Portfolio Investment (FPI), which represents an investment in the equity market (both direct and indirect) during February stood at a positive $15.27m.

On a cumulative basis, FPI showed an investment of $111.74m during 8MFY24, against divestment of $1.02bn in the SPLY.

The United Kingdom emerged as the biggest portfolio investor during the month, as it invested $6.99m during the month and $3.45m during 8MFY24.

The total foreign investment in the review month clocked in at $146.44m.

On a cumulative basis, within 8MFY24, total foreign investment was reported at $932.39m as compared to foreign divestment of $27.23m incurred in the corresponding period last year.

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Posted on: 2024-03-20T09:54:05+05:00