The net Foreign Direct Investment (FDI) in the country stood at $271 million in May 2024, up 74 percent over the FDI of $156 million in the same month of FY23.
In May 2024, foreign direct investment inflows stood at $339 million, up 66 percent over inflows of $204 million in May 2023. While outflows in May 2024 stood at $68 million, up 42 percent compared to outflows of $48 million in May 2023.
Net FDI inflows during the eleven months of the current fiscal year (11MFY24) stood at $1.729 billion, up 15 percent compared to FDI inflows of $1.505 billion reported in 11MFY23.
In 11MFY24, the highest FDI inflows of $521 million were received from China, followed by Hong Kong at $322 million, the United Kingdom at $244 million, the United States at $128 million and the UAE making the top five with inflows of $84 million.
The power sector was the major recipient of FDI, attracting inflows of $742 million, followed by oil and gas exploration at $277 million, financial business at $188 million, and petroleum refining at $86 million.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
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Jurisdiction: Pakistan