Pakistan attracts over $130 million in foreign direct investment in October

ISLAMABAD: Pakistan attracted $133 million in Foreign Direct Investment (FDI) in October, down from $163 million during the same month last year, according to the latest data from the State Bank of Pakistan (SBP).

On a monthly basis, the country recorded an investment of $385 million in September.

In the first four months of the ongoing fiscal year, total FDI reached $904 million, compared to $683 million during the same period of the previous fiscal year.

According to data released by the SBP, the current account surplus for October stood at $349 million. This marks big improvement from last month’s surplus of $86 million. October 2023 saw current account deficit of $287 million.

The country registered surplus of $218 million in the first four months of the ongoing fiscal year which looks like a sharp turnaround from the deficit of $1.53 billion during the same period last year.

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