Pakistan's power sector leads FDI influx in FY24

July 24, 2024 (MLN): Pakistan’s Power Sector witnessed the highest net Foreign Direct Investment (FDI) worth $799.87m in the fiscal year 2024 (FY24), as per the central bank's data.

This was followed by the Oil & Gas Explorations sector which attracted a net FDI of $303.58m during the review period as against $137.72m in the previous fiscal year.

The third-highest net FDI receiver was the Financial Business sector with cumulative net inflows of $208.03m, showing a drop of 24.68% YoY as the sector observed $276.21m net foreign inflows in SPLY.

Analyzing further, the sector that experienced the highest divestment was the Communications sector, as the FDI balance stood at negative $129.89m in FY24, compared to negative $177.09m in FY23.

The Transport Equipment(Automobiles) sector was the second sector in line to record divestment through FDI of $12.8m, similar to the outflow of $13.12m incurred in the SPLY.

Furthermore, the Leather & Leather Products sector also faced a divestment of $1.74m in FY24.

It is crucial to mention that FDI in FY24 increased to $1.9 billion compared to foreign investment of $1.63bn reported in the corresponding period last year.

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