Political instability continues to dampen FDI as investors look elsewhere

Political instability continues to dampen FDI as investors look elsewhere

Business

China invested most in Pakistan, Australia takes most out of Pakistan

LAHORE (Dunya Investigation Cell) – The foreign direct investment was reduced by $350 million in the first 10 months of the fiscal year 2023.

The total foreign direct investment in Pakistan in the ongoing fiscal year was recorded as $1.77 billion and investors took $600 million out of Pakistan. Hence the total FDI stood at $1.17 billion.

In terms of countries, China invested most in Pakistan with $340 million investment followed by Japan of $160 million investment, Switzerland with $130 million, UAE with $110 investment, USA with $100 investment, Hong Kong with $70 million and France with $50 million.

Countries who took the investment out of Pakistan include Australia with $80 million, Norway with $50 million, USA with $40 million, and China with $20 million.