Karachi, September 14, 2023 – Foreign Direct Investment (FDI) in Pakistan has demonstrated a robust increase of 16.1 percent during the first two months of the fiscal year 2023-24, according to data released by the State Bank of Pakistan (SBP) on Thursday.
The data reveals that FDI inflow surged to $233.8 million during the initial two months of the current fiscal year, marking a significant rise from the $201.4 million recorded during the corresponding period in the previous fiscal year.
Notably, portfolio investment in the capital market also exhibited a positive trend, with an inflow of $6.4 million recorded during July and August of fiscal year 2023-24. This represents a substantial turnaround from the $10.5 million outflow reported during the same period in the previous fiscal year.
Furthermore, the aggregate of foreign private investment, which includes FDI and portfolio investment, experienced a remarkable increase of 31.8 percent, reaching $256.5 million during the review period. In comparison, the corresponding period of the preceding fiscal year recorded $194.6 million in foreign private investment.
In parallel, the nation also attracted investment in debt securities, with $3.9 million being invested during the first two months of the current fiscal year. This stands in stark contrast to the $18.2 million outflow recorded during the same months in the last fiscal year.
Taken together, the overall foreign investment in Pakistan surged by an impressive 47.6 percent, reaching a total of $260 million during July and August of fiscal year 2023-24. This marks a substantial increase from the $176.4 million reported during the corresponding period in the previous fiscal year.
These positive indicators reflect growing investor confidence in Pakistan’s economic prospects and underscore the country’s attractiveness as a destination for foreign investment. The increase in FDI and portfolio investment signifies the potential for continued economic growth and development in Pakistan, which bodes well for the nation’s economic stability and prosperity in the coming months.