Islamabad: Due to business-friendly policies by the SIFC, direct foreign investment has increased by 17% this fiscal year compared to last year.
The SIFC’s efforts have played a crucial role in attracting substantial foreign investment, further improving the business environment.
According to data released by the State Bank of Pakistan, foreign investment reached $1.9 billion during the fiscal year 2024, up from $1.62 billion the previous year.
In June 2024, direct foreign investment was $169 million, compared to $122 million during the same period last year.
China remains Pakistan’s largest investor and trading partner, with investment totaling $568 million last fiscal year.
Hong Kong was the second-largest investor, contributing $359 million in direct foreign investment, up from $250 million last year.
Other significant investments include $268 million from the UK, $137 million from the US, and $100 million from Singapore.
It is also encouraging that the power sector attracted the most foreign investment, with $800 million in the fiscal year 2024.
Foreign investment in oil and gas exploration reached $304 million, up from $137 million last year.
The SIFC’s business-friendly measures have clearly played a key role in this upward trend, presenting Pakistan as a more attractive and improved market for foreign investment.