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Sunday, April 14, 2024  
05 Shawwal 1445  

Foreign Direct Investment increased by 15% in August

Jul-August FDI up by 16% to $234 million in 2023
Rolled Euro banknotes are placed on Dollar banknotes in this illustration taken May 26, 2020 — Reuters
Rolled Euro banknotes are placed on Dollar banknotes in this illustration taken May 26, 2020 — Reuters

Pakistan received foreign direct investment worth $146.1 million in August, up 15.4% from $126.6 million recorded in the same month of 2022, data by the State Bank of Pakistan showed.

The FDI into Pakistan also recorded an increase of 16.1% or $32.5 million during the first two months of fiscal year 2024. It clocked in at $233.8 million in July-August of the current fiscal year, compared with $201.4 during the same period of the last fiscal year.

The FDI inflows were recorded at $345.3 during the period under review, as against $111.5 million in outflows. During the corresponding period, inflows were recorded at $267.4 million while the outflows clocked in at $66.1 in July-August of the fiscal year 2023.

The portfolio investment also showed a 436% increase during the first two months of the current fiscal year. It stood at $22.7 million during the first two months of FY24 as against the outflow of $6.7 million in the same period of last fiscal year.

The total foreign investment in Pakistan including FDI, portfolio investment and foreign public investment registered a growth of 47.6% or $84 million to $260.4 million during the period under review, compared with $176.4 billion in the same period of the last fiscal year.

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