Foreign Direct Investment (FDI) experienced a remarkable surge of 172 percent year-on-year in April 2024, as per the State Bank of Pakistan (SBP) data release. April saw an inflow of $358.8 million, a significant leap from $132 million in April FY23. Moreover, it marked a 39 percent increase from March’s $258 million.
China emerged as the leading investor, contributing the highest FDI during July-April FY24, totaling $439.3 million compared to $604 million in the same period last year. Notably, China alone invested $177 million in April. The United Arab Emirates and Canada followed as the second and third largest investors with $51.93 million and $51.89 million respectively.
The power sector remained the most attractive for foreign investors during July-April FY24, with FDI reaching $637.5 million, up from $776.2 million last year. Within the power sector, hydel power drew significant attention, attracting $460 million this year compared to $338 million last year.
In a separate report, it was disclosed that Pakistan’s per capita income rose to $1680 in FY2023-24. According to PBS data, the national economy expanded from $341 billion to $375 billion during the ongoing fiscal year. The annual per capita income increased by Rs 90,534, with a monthly increase of Rs 7,544.
