Connect with us

Hi, what are you looking for?

Economy

Pakistan Sees FDI Surge to $358.8 Million in April, Reports SBP

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.

Written By

Sports

Indian actor and model Sonam Bajwa, celebrated for her open appreciation of Pakistani talent, once again grabbed headlines for her admiration of cross-border celebrities....

National

Pakistani trailblazers Ammara Sharif and Dr. Sana Jamil are poised to make history as the first female duo from Pakistan to conquer the daunting...

Budget

ISLAMABAD: Pakistan has decided to restrict foreign travel for non-filers, with exceptions for those traveling for Hajj, Umrah, or educational purposes, as the country...

Art & Culture

KARACHI: Elisabeth Foley says, “The most beautiful discovery true friends make is that they can grow separately without growing apart.” Keeping its traditions alive,...