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Pakistan Sees 17 Percent Surge in Foreign Direct Investment

by Web Desk
July 30, 2024
in Business, New, News, Pakistan
0
Pakistan Sees 17 Percent Surge in Foreign Direct Investment

Pakistan Sees 17 Percent Surge in Foreign Direct Investment

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Pakistan Sees 17 Percent Surge in Foreign Direct Investment (FDI) due to the business-friendly policies implemented by the Special Investment Facilitation Council. According to data released by the State Bank of Pakistan, foreign investment reached $1.9 billion during the fiscal year 2024. In June alone, FDI stood at $169 million, up from $122 million in the same period last year.

China continues to be Pakistan’s largest investor and trading partner, contributing $568 million in the last financial year. Hong Kong followed as the second-largest investor, with $359 million in FDI. Other key investors included the United Kingdom, the United States, and Singapore, each playing a crucial role in bolstering Pakistan’s economic landscape.

The rise in FDI highlights the positive impact of the government’s strategic initiatives to attract and retain foreign investment, further strengthening the country’s economic position on the global stage.

Tags: latestPakistan
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