{"id":16771,"date":"2023-10-22T10:57:07","date_gmt":"2023-10-22T10:57:07","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/72-7m-in-fdi-received-from-china-the-express-tribune\/"},"modified":"2023-10-22T10:57:07","modified_gmt":"2023-10-22T10:57:07","slug":"72-7m-in-fdi-received-from-china-the-express-tribune","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/72-7m-in-fdi-received-from-china-the-express-tribune\/","title":{"rendered":"$72.7m in FDI received from China | The Express Tribune"},"content":{"rendered":"
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\nISLAMABAD:
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Pakistan received foreign direct investment (FDI) of $72.7 million from China in September, contributing to a total of $126.3 million in the overall FDI during the first three months of the financial year 2023-24 from the friendly neighbouring country.<\/p>\n

Citing the latest statistics issued by the State Bank of Pakistan (SBP), Gwadar Pro, a non-governmental organisation, indicated that in September, Pakistan received remittances worth $84.4 million from China, while remittances from Pakistan to China amounted to $11.7 million, resulting in a net income of $72.7 million.<\/p>\n

The Gwadar Pro’s report stated that in September, China’s share in Pakistan’s total FDI was 46.66%, as the total FDI in the country in that month remained at $155.8 million.<\/p>\n

Similarly, during the first three months (July to September) of the financial year 2023-24, Pakistan received $126.3 million in FDI from China of a total of $412 million in FDI, representing 30.65% of the total FDI.<\/p>\n

According to the SBP data, the total FDI in Pakistan during the first three months of the fiscal year 2023-24 was $412 million, marking a significant increase of 28.9% compared to the same period of the previous fiscal year.<\/p>\n<\/div>\n