July FDI up 17.3pc to $87.7m YoY

Foreign direct investment (FDI) reached by 17.3 percent year on year in July 2023 to $87.7 million, up from $74.8 million in the same month in 2022.

According to figures issued on Friday by the State Bank of Pakistan (SBP), FDI inflows grew by $12.9 million in July 2023.

According to SBP data, foreign private investment in Pakistan climbed by 32.4 percent, or $25.5 million, year on year, to $104.0 million in July 2023, up from $78.5 million in the same month last year.

In July 2023, FDI inflows rose by 19.1 percent or 23.7 million to $147.7 million, compared to $124.0 million in the same month in 2022.

Outflows, on the other hand, were $60.0 million in July 2023, compared to $49.2 million in July 2022.

Foreign direct investment (FDI) in Pakistan fell 24.80 percent year on year to $1.455 billion in FY23, compared to $1.935 billion in FY22.