Pakistan has seen a remarkable 56% increase in foreign investment during the first four months of the current fiscal year, crossing the $1 billion threshold, as reported by the State Bank of Pakistan (SBP).
According to the SBP report, foreign investments during this period totaled $1.09 billion, marking an increase of $392.3 million compared to $697.8 million in the same months last year.
Direct investment also showed significant growth, rising by 32.3%. The total direct investment from July to October amounted to $904.3 million, a rise of $220.8 million from last year’s $683.5 million.
Economic analysts attribute this growth in foreign investment to enhanced investor confidence and the government’s efforts to stabilize the economy.
On the other hand, Pakistan’s exports experienced a notable increase of $1.29 billion during the first four months of the fiscal year. Data from the Pakistan Bureau of Statistics indicates that exports from July to October grew by 13.55% compared to the same period last year, surpassing $10.88 billion.
According to a report by Samaa News on Monday, the textile sector played a significant role, with exports reaching $6 billion, marking a 10.44% increase. Ready-made garments led the growth in this category, rising by 24.40% to $1.35 billion.
Woolen garments followed with a 19% increase, amounting to $1.75 billion, while cotton cloth exports rose by 5.25% to $680 million. Towels also contributed to the rise, with a 5.47% growth bringing exports to $356.4 million. Exports of made-up articles, including curtains, increased by 12.46% to $263.7 million, and bedware exports grew by 13%, crossing the $1 billion mark.
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