FDI in Pakistan registers 51.7% increase in March 2024

BusinessFDI in Pakistan registers 51.7% increase in March 2024

ISLAMABAD, Pakistan: The Foreign Direct Investment (FDI) in Pakistan is on the upswing as March 2024 saw a remarkable 51.7 percent increase to US$ 258 million, marking the highest inflows since June 2022.

The latest data issued by the State Bank of Pakistan (SBP) showed that the Country recorded a FDI of US$ 258.0 million in March 2024 as compared to an FDI of US$ 169.9 million in the same period last year.

   

Whereas in the previous month of February 2024, the Country had reported a direct investment of US$ 136.3 million.

Cumulatively in first nine months of the Fiscal Year 2023-24, the Country fetched an FDI of US$ 1,099.0 million against the US$ 1,216.9 million attracted in the same period last year.

Summary of Foreign Investment in Pakistan

FDI in Pakistan registers 51.7% increase in March 2024
URL: https://www.sbp.org.pk/ecodata/NetinflowSummary.pdf

In a statement on Tuesday, the federal government said that this surge in the FDI is a testament to Pakistan’s growing economic potential and attractiveness to global investors.

Separately, Pakistan’s IT Sector also achieved a new milestone with March 2024 seeing the Country’s highest-ever monthly IT exports, reaching US$ 306 million.

The government said that this milestone marks a significant boost to Pakistan’s tech industry, paving the way for further growth and innovation.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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