Comparing December 2022 to December 2023, the country’s Foreign Direct Investment (FDI) surged by an astounding 538 percent year over year (YoY). It has increased from $33 million to $211 million.

The State Bank of Pakistan (SBP) announced that net foreign direct investment for 6MFY24 was $863 million, increasing 35% year over year from $640 million for 6MFY23.

In 6MFY24, there were $71 million in inflows into the portfolio, compared to $14 million in 6MFY23. 6MFY24 foreign public investment recorded zero inflows, while in 6MFY23, there were $1.019 billion outflows. 6MFY24, the total foreign investment was $934 million, while flows were $393 million in 6MFY23.

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The country received $211 million in foreign direct investment in December 2023, which is a 538 percent increase over the $33 million invested in the same month the previous year and a 61 percent increase over the $131 million invested in November 2023.

Compared to zero last year, portfolio investments saw $32 million in inflows in December. In contrast to outflows of $1.002 billion in December 2022, foreign public investment in December 2023 was zero.

In contrast to outflows of $969 million the previous year, total foreign investment as of December 2023 was $243 million.

With $298.6 million invested in Pakistan over the course of the six months under examination, China emerged as the single greatest investor by nation. Hong Kong ranked second with $162.6 million, ahead of the United Kingdom with $105.8 million, according to SBP data.

According to sector-specific data, the power industry brought in $471.1 million, of which $169.8 million was allocated to coal-based projects and $245.1 million to hydrogen power. The sectors that invested $137 million and $131.8 million, respectively, in oil and gas exploration and financial business came next.

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