Pakistan has experienced a remarkable 172% increase in foreign direct investment (FDI) in April 2024, with figures rising from $131.9 million to $358.84 million compared to the same month last year.
This surge marks the highest FDI inflow in the past 51 months, according to data released by the State Bank of Pakistan (SBP).
The Special Investment Facilitation Council (SIFC), established to boost FDI and restore investor confidence, is credited with this significant growth.
The Council's efforts have been instrumental in attracting substantial foreign investments, demonstrating its effectiveness in creating a more appealing investment environment.
On a month-on-month basis, FDI saw a notable increase of 39% in March 2024, reaching $258.04 million. This steady rise underscores the positive impact of SIFC's initiatives on investor sentiment and economic stability.
In the first ten months of the fiscal year 2024 (July-April), FDI totaled $1.46 billion, compared to $1.35 billion during the same period in the previous fiscal year. This year-to-year increase highlights the sustained growth in foreign investment.
China emerged as the leading investor in 2024, contributing $177.37 million. The United Arab Emirates and Canada followed, with investments of $51.93 million and $51.89 million, respectively. This diversification of investment sources underscores Pakistan's growing appeal as a destination for global investors.
The SIFC's strategic initiatives have clearly played a pivotal role in this upward trend, reinforcing Pakistan's position as a competitive and attractive market for foreign investment.
