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Home Breaking News

FDI rises by 64pc to $136.3m in July

byCT Report
20/08/2024
in Breaking News, Karachi, Latest News, Slider News
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KARACHI: Foreign Direct Investment (FDI) in Pakistan increased by 64% in the first month of the fiscal year 2025 (FY25), according to data released by the State Bank of Pakistan (SBP).

The country attracted net FDI totaling $136.3 million in July 2024, up from $83.2 million in July 2023, marking a rise of $53 million. The total FDI inflows for the month stood at $198.3 million, while outflows amounted to $62 million.

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China was the largest source of FDI, primarily through projects related to the China-Pakistan Economic Corridor (CPEC), with investments rising from $21.2 million to $45 million in July 2024. Hong Kong and Sweden followed, contributing $44.4 million and $24.2 million, respectively.

Portfolio investment also saw an increase, rising by 45.4% to reach $23.6 million in July 2024, compared to $16.3 million in the same month last year.

Overall, Pakistan’s total foreign investment, including FDI, portfolio investment, and foreign public investment, surged by 189%, reaching $305 million in July 2024, up from $105.5 million in July 2023.

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