WEB DESK: Foreign Direct Investment (FDI) in Pakistan continued its upward trajectory in November 2024, with net inflows reaching $219 million, marking a 27 per cent increase from $172 million in the same month of FY24.
The total FDI inflows for November 2024 amounted to $383 million, reflecting a significant 72 per cent growth compared to $222 million in November 2023. However, outflows also saw a sharp rise, reaching $164 million, which is up 229% from the $50 million recorded in the same month last year.
The net FDI inflows increased 31 per cent on the year to reach $1.12 billion during the five months of FY25 (5MFY25), compared with $856 million for the same period of FY24.
China was the top contributor, with FDI inflows of $469 million, followed by Hong Kong at $116 million, the United Kingdom at $113 million, Switzerland at $67 million, and Canada with a contribution of $65 million.
The sector led by power was the main one attracting FDI receipts during 5MFY25, with an amount of $454 million, financial business got $249 million, while a much lower $125 million was attracted in oil and gas exploration.
Such FDI growth portrays increased confidence of investors regarding economic viability as well as development in the future about power, finance, and energy.
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