In September, Pakistan welcomed $72.7 million in foreign direct investment (FDI) from China, contributing to a total of $126.3 million in FDI during the first quarter of the 2023-24 financial year.
During September, Pakistan received remittances of $84.4 million from China, while remittances from Pakistan to China were $11.7 million, resulting in a net inflow of $72.7 million. Gwadar Pro’s report noted that China accounted for 46.66% of Pakistan’s total FDI in September, with the country receiving a total of $155.8 million in FDI that month.
In the first three months of the fiscal year 2023-24 (from July to September), Pakistan received $126.3 million in FDI from China out of a total of $412 million in FDI, which represents 30.65% of the overall FDI.
According to SBP data, the total FDI in Pakistan during the initial three months of the fiscal year 2023-24 amounted to $412 million, marking a substantial increase of 28.9% compared to the same period in the previous fiscal year.
