Pakistan sees FDI rise over 48 pct in July-September

ISLAMABAD, Oct. 22 (Xinhua) — Foreign Direct Investment (FDI) in Pakistan increased by 48.2 percent in the first quarter of the current fiscal year (FY25) starting July, according to the latest official data.
The State Bank of Pakistan (SBP) released the data on Monday saying the country received 771.1 million U.S. dollars in FDI from July to September 2024 compared to 520.2 million U.S. dollars received in the same period of the previous fiscal year.
The central bank added that total FDI inflows reached 1.002 billion U.S. dollars during the said period, significantly outweighing the 231 million U.S. dollars in outflows.
Foreign investment figures remained promising on a year-on-year basis as it surged by 81 percent, rising to 385.1 million U.S. dollars in September 2024, compared to 213 million U.S. dollars in September 2023.
The SBP said the portfolio investment sector faced difficulties in the first quarter of the current fiscal year, experiencing an outflow of 23 million U.S. dollars, compared to an inflow of 9.6 million logged a year earlier.
Overall, total foreign investment in Pakistan, including FDI, portfolio investment, and foreign public investment, experienced a significant growth of 70 percent, reaching 903.5 million U.S. dollars during the July-September period, compared to 530.1 million U.S. dollars reported a year earlier. ■