Foreign Direct Investment into Pakistan jumps 17% in FY24

July 19, 2024 (MLN): Foreign direct investment (FDI) in Pakistan jumped 16.9% YoY to $1.9bn in FY24 compared to $1.63bn received in the previous year, latest data issued by the State Bank of Pakistan (SBP) showed.

Meanwhile, in June 2024 alone, FDI inflow jumped 37.8% YoY to $168.75 million compared to $122.42m recorded a year ago.

Comparison on a month-over-month basis shows that the net inflow of FDI decreased by 37.5% as compared to an inflow of $269.87m in the previous month.

The biggest investor was China, with FDI from the country recorded at $568m during FY24, accounting for 30% of the total FDI.

However, this figure was down 18% compared to last year's $693m.

The biggest attraction for foreign investors during the year was the power sector, with a net inflow of $800 million, down 11% from $898m last year.

The sector's share stood at 42% of the total FDI.

With respect to the portfolio investment under FDI, an inflow of $120.23m was witnessed through equity securities in FY24, as compared to an outflow of $16.12m in the previous year.

The foreign private investment, which includes both direct investments and portfolio investments recorded an inflow of $2.02bn in FY24, compared to an inflow of $1.61bn in FY23.

Meanwhile, foreign public investment outflow stood at $502.69m during the year.

Accordingly, the total foreign investment during FY24 clocked in at $1.52bn, compared to an investment of $600.75m in FY23.

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