China’s FDI in Pakistan soars to $72.7 million in September 2023
In September, Pakistan obtained $72.7 million in foreign direct investment (FDI) from China, contributing to a total of $126.3 million in FDI for the first three months of the 2023-24 financial year. During the same month, Pakistan also received remittances of $84.4 million from China, resulting in a net income of $72.7 million after accounting for remittances sent from Pakistan to China. China’s FDI share in Pakistan for September was 46.66% of the total FDI that month, which amounted to $155.8 million. Over the first three months of the financial year, China’s FDI constituted 30.65% of the total $412 million in FDI received by Pakistan, marking a 28.9% increase compared to the previous fiscal year.
Pakistan received foreign direct investment (FDI) of $72.7 million from China in September, contributing to a total of $126.3 million in the overall FDI during the first three months of the financial year 2023-24 from the friendly neighbouring country.
Citing the latest statistics issued by the State Bank of Pakistan (SBP), Gwadar Pro, a non-governmental organisation, indicated that in September, Pakistan received remittances worth $84.4 million from China, while remittances from Pakistan to China amounted to $11.7 million, resulting in a net income of $72.7 million.
The Gwadar Pro’s report stated that in September, China’s share in Pakistan’s total FDI was 46.66%, as the total FDI in the country in that month remained at $155.8 million.
Similarly, during the first three months (July to September) of the financial year 2023-24, Pakistan received $126.3 million in FDI from China of a total of $412 million in FDI, representing 30.65% of the total FDI.
According to the SBP data, the total FDI in Pakistan during the first three months of the fiscal year 2023-24 was $412 million, marking a significant increase of 28.9% compared to the same period of the previous fiscal year.
Ambassador Khalil Hashmi underscores China’s leadership in global economic development
Major initiatives and visions proposed by China align with current global needs and trends…
China-Pakistan trade surges as Khunjerab Pass opens year-round
KASHGAR – Following customs clearance, a convoy of 25 domestically manufactured tractor trucks, valued …
