ISLAMABAD – China emerged as the largest investor in Pakistan in outgoing fiscal year 2023-24 with a net foreign direct investment (FDI) from the neighbouring country stood at $568.2 million, shows the date released by State Bank of Pakistan (SBP).
It is followed by Hong Kong and the United Kingdom as they invested $358.51 million and $268.19 million, respectively.
Pakistan registered total foreign direct investment in FY24 as $1.9bn, up 16.88% YoY compared to $1.63bn in FY23.
However, FDI from China saw a decline of 19.95% on year on year basis in FY2024 as it stood at $692.52m in FY23.
During the fiscal year 2024 (FY24), Hong Kong’s net FDI contribution totaled $358.51 million, marking a significant 43.3% increase compared to $250.18 million in the previous year. This accounted for 18.85% of the total FDI during FY24.
The United Kingdom, as the third-largest investor, contributed $268.19 million in FDI, representing 14.1% of the total. Despite a slight decline of 0.61% year-over-year, the UK remained a notable participant in foreign direct investments.
The United States, Singapore and Canada are also among the leading investors with a net FDI of $137.29m, $100.06m, and $95.52m, respectively.
The Foreign Portfolio Investment (FPI), which represents an investment in the equity market (both direct and indirect) was recorded at $175.68m.
