In April 2024, the nation’s net foreign direct investment (FDI) reached $359 million, a 177% increase over the $138 million FDI in the same month of FY23.
The net foreign direct investment (FDI) in Pakistan in April 2024 is the largest since December 2019, claims Arif Habib Limited (AHL).
The amount of foreign direct investment inflows in April 2024 was $414 million, a 134% increase over the $177 million in April 2023. In contrast to April 2023’s $45 million losses, April 2024’s $55 million in outflows represented a 22% increase.
Ten months into the current fiscal year (10MFY24), foreign direct investment (FDI) inflows totaled $1.458 billion, an increase of 8% above the $1.349 billion recorded in 10MFY23.
China got $439 million in FDI inflows in 10MFY24, the most of any country. Hong Kong came in second with $298 million, the UK came in third with $219 million, the US came in first with $116 million, and the UAE completed the top five with $80 million in inflows.
With $638 million in FDI inflows, the electricity industry led the way, followed by oil and gas exploration ($189 million), financial services ($170 million), and petroleum refining ($78 million).
