KARACHI: Foreign Direct Investment (FDI) in Pakistan has increased by 17% in the current fiscal year compared to the previous year, according to data released by the State Bank of Pakistan. The country’s FDI reached $1.9 billion in fiscal year 2024, up from $1.62 billion in the previous year.
The Special Investment Facilitation Council (SIFC) has played a crucial role in attracting foreign investment through its business-friendly policies, improving the overall business environment.
In June 2024, FDI stood at $169 million, compared to $122 million in the same period last year. China remained Pakistan’s largest investor and trade partner, with investments of $568 million in the last fiscal year. Hong Kong was the second-largest investor, contributing $359 million, up from $250 million the previous year.
Other significant contributors included the United Kingdom ($268 million), the United States ($137 million), and Singapore ($100 million).
The power sector attracted the most FDI, securing $800 million in fiscal year 2024. Investment in oil and gas exploration increased to $304 million, up from $137 million in the previous year.
These figures demonstrate the positive impact of SIFC’s initiatives in making Pakistan a more attractive market for foreign investment.
