In July 2024, foreign direct investment inflows stood at $198 million, up 29 percent from $153 million in July 2023.
Foreign Direct Investment (FDI) in the country stood at $136 million in July 2024, which is 64% higher than the FDI of $83 million in the same month of FY24. In July 2024, FDI inflows stood at $198 million, up 29 percent from $153 million in July 2023.
The highest foreign direct investment of $45 million came from China, followed by $42 million from Hong Kong, $22 million from the United Kingdom, $13 million from the United States, and $3 million from the United Arab Emirates.
More From FactFile: Abu Dhabi Ports announces $250 million investment in Karachi port
The power sector was the largest recipient of FDI in July 2024, attracting inflows of $62 million, followed by oil and gas exploration at $30 million, financial services at $20 million and petroleum refining at $8 million.
This is similar trend from what we observed in the last few years when Pakistan’s economy took a U-turn from tanking down. After some tumultuous period, the macroeconomic trends did show some recovery. Interestingly, there were high risks of a default in the end of year 2022. However, the overturning of policies did result in economic betterment. Just a few months later, the FDI rose to over $220 million in January 2023.
