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Home Breaking News

Foreign direct investment in energy sector surges to $585.6m: SBP

byCT Report
21/11/2024
in Breaking News, Karachi, Latest News, Slider News
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KARACHI: The Special Investment Facilitation Council (SIFC) has resulted in a remarkable increase in foreign direct investment (FDI) within the energy sector during the 2024-25 fiscal period.

The investment landscape has transformed dramatically, with FDI in the energy domain escalating to $585.6 million, a substantial leap from the previous year’s $266.3 million.

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This represents an impressive 120% growth, primarily driven by strategic investments in electricity, oil, and gas exploration.

According to State Bank reports, the energy sector’s substantial investment surge reflects enhanced developmental capacity and growing investor confidence.

Beyond energy, other critical sectors have also witnessed a 48% investment increase, totaling $771 million in foreign capital.

The SIFC’s streamlined investment processes and swift implementation strategies have been instrumental in attracting these investments. By positioning Pakistan as an attractive investment destination, the council continues to promote regional trade and sustainable economic development.

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