Business

Foreign Direct Investment rises 64% in July 2024

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Web Desk

ISLAMABAD: Foreign Direct Investment (FDI) in the country stood at $136 million in July 2024, which is 64% higher than the FDI of $83 million in the same month of FY24.

In July 2024, foreign direct investment inflows stood at $198 million, up 29 percent from $153 million in July 2023.

The highest foreign direct investment of $45 million came from China, followed by $42 million from Hong Kong, $22 million from the United Kingdom, $13 million from the United States, and $3 million from the United Arab Emirates. .

The power sector was the largest recipient of FDI in July 2024, attracting inflows of $62 million, followed by oil and gas exploration at $30 million, financial services at $20 million and petroleum refining at $8 million.

Web Desk

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