• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Monday, June 16, 2025

Daily Times

Your right to know

  • HOME
  • Latest
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Ramblings
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • Arts, Culture & Books
  • Lifestyle
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

China emerges as leading investor, contributing 16% of total FDI in recent month

The United States (US) remained the top export destination of Pakistani products during the first eleven months of the current financial year 2023-24, followed by China and the United Arab Emirates (UAE).

Total exports to the US during July-May 2023-24 were recorded at US 4,989.140 million against the exports of US $ 5,484.257 million during July-May 2022-23, showing a decline of 9.02 percent, according to the State Bank of Pakistan (SBP).

This was followed by China, wherein Pakistan exported goods worth US $2,553.481 million against the exports of US $1,889.195 million last year, showing an increase of 35.16 percent.

UAE was the third top export destination, where Pakistan exported products worth US $1,880.820 million during the months under review against the exports of US $1,341.804 million, SBP data revealed.

Among other countries, Pakistani exports to United Kingdom (UK) stood at US $1,861.083 million against US $1,808.288 million last year while the exports to Germany were recorded at US $1,381.369 million against US $1,488.714 million last year, data said.

During July-May, the exports to Holland were recorded at $1,273.035 million against $1,323.770 million whereas the exports to Italy stood at $1,032.475 million against $1,052.640 million.

Pakistan’s exports to Spain were recorded at $1,333.875 million against the exports of US $1,271.414 million while the exports to Afghanistan were recorded at $507.935 million against $478.614 million last year.

The exports to Bangladesh stood at US $605.744 million against US $709.050 million.

Similarly, the exports to France during the months under review were recorded at US $464.060 million against US $530.180 million while the exports to Belgium stood at US $505.812 million against US $642.282 million. Pakistan’s exports to Saudi Arabia were recorded at US $661.271 million during the current year compared to US $457.551 million last year whereas the exports to Turkiye stood at US $311.011 million against US $296.618 million.

China with $81.9 million has emerged as the leading investor, contributing 16% of the total FDI in the recent month. Gwadar Pro quoting the latest report from the State Bank of Pakistan, stated on Wednesday, Pakistan received a net foreign direct investment (FDI) of $81.9 million in May of the fiscal year 2023-24, with a cumulative inflow of $511.4 million from various countries during the same period.

China with $81.9 million emerged as the leading investor, contributing 16% of the total FDI.

In May, Pakistan attracted $73.7 million from Saudi Arabia, $26.9 million from the UK, $23.3 million from Hong Kong, China, $22.2 million from the United States, and $8.1 million from Canada.

The remaining investment came from other countries.

Sector-wise, petroleum refining led with $110.6 million, followed by the power sector which received $104.9 million (with breakdowns of $3.8 million in thermal, $76.9 million in hydel, and $24.1 million in coal).

The oil and exploration sector attracted $88.7 million, financial business $17.9 million, and the communication sector $10.7 million. The rest of FDI went to different other sectors.

From July to May of FY-24, Pakistan received a total of $1,170.7 million ($1.1707billion) in FDI, marking a significant increase of 142.9% compared to the $482 million recorded during the same period in FY-23.

China remained a pivotal contributor with $521.2 million in FDI from July to May FY-24, accounting for 44.6% of Pakistan’s total FDI, the report added.

Filed Under: Business

Submit a Comment




Primary Sidebar




Latest News

Bilawal warns of war with India if it blocks river flows

Casualties rise as Israel, Iran hit each other with more missiles

450 pilgrims evacuated from Iran, confirms Dar

Govt jacks up petrol price by Rs4.8 per litre, diesel by Rs7.95

Pakistan denies supplying ballistic missiles to Iran

Pakistan

Bilawal warns of war with India if it blocks river flows

Casualties rise as Israel, Iran hit each other with more missiles

450 pilgrims evacuated from Iran, confirms Dar

Govt jacks up petrol price by Rs4.8 per litre, diesel by Rs7.95

Pakistan denies supplying ballistic missiles to Iran

More Posts from this Category

Business

‘Pakistan aspires to lead Global South in adoption of digital assets’

US Fed set to hold rates steady in the face of Trump pressure

‘US-China trade truce leaves military-use rare earth issue unresolved’

WB sees China as anchor of stability in global economic chaos

Minister opens farmer facilitation center

More Posts from this Category

World

Israel kills 59 Palestinians in Gaza, many while trying to get aid

Canada hosts G7 summit as tensions with US grow over trade, foreign policy

UN official slams India’s failure to protect Muslims

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2025 Daily Times. All rights reserved.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy