KARACHI: The net foreign direct investment (FDI) rose 8.1 per cent year-on-year to $656 million during the first five months (July-November) of the current fiscal year.

According to data issued by the SBP on Monday, the net FDI in November also grew by over 12pc to $131 million from $117m in the same month last year.

November FDI was the highest in FY24. Earlier, in Sept it was $172.6m and $142m in August.

For more than a decade, the FDI has been a tough nut to crack for Pakistan. The country receives the lowest FDI in the region while China and India are the biggest recipients for the last many years.

Due to the poor inflows, the country’s current account remains in deficit which ultimately forced successive governments to go for IMF programme.

Published in Dawn, December 19th, 2023