China Tops Pakistan’s FDI with $568M in FY24

July 24, 2024 – China tops Pakistan’s FDI with $568M in FY24

In fiscal year 2024 (FY24), China was the leading investor in Pakistan with a net foreign direct investment (FDI) of $568.2 million, according to data from the State Bank of Pakistan (SBP).

Hong Kong and the United Kingdom followed as the second and third largest investors, contributing net investments of $358.51 million and $268.19 million, respectively.

Total FDI in FY24 reached $1.9 billion, marking a 16.88% increase from $1.63 billion in FY23.

China’s investment represented 29.88% of the total FDI, though it decreased by 17.95% YoY from $692.52 million in FY23.

Hong Kong’s investment increased by 43.3% YoY to $358.51 million, representing 18.85% of total FDI.

The United Kingdom’s investment totaled $268.19 million, accounting for 14.1% of the total, with a slight decline of 0.61% YoY.

Other notable investors included the United States, Singapore, and Canada, with net FDI amounts of $137.29 million, $100.06 million, and $95.52 million, respectively.

Foreign Portfolio Investment (FPI) for FY24 was $175.68 million, with the United Kingdom being the largest portfolio investor, contributing $18.27 million.

Overall foreign investment in FY24 was reported at $1.52 billion, a significant increase from $600.75 million in the previous year.

China tops Pakistan’s FDI with $568M in FY24, it showcases deep rooted economic cooperation between the two countries.