Prosperity on Rise: Pakistan’s Record FDI Surge Drives Economic Growth

In a remarkable turn of events, Pakistan witnessed a significant surge of 172% in April 2024, reaching an impressive $358.84 million, marking the highest influx in over 51 months. In 2024, China took the lead as the top investor, making a significant contribution of $177.37 million, followed by the UAE and Canada.
Similarly, Prime Minister Shahbaz Sharif’s diplomatic efforts during his UAE visit yielded a monumental $10 billion investment commitment.
Moreover, Pakistan and Turkey align to elevate bilateral trade from $1 billion to an ambitious $5 billion , signaling a robust economic collaboration strategy aimed at mutual prosperity.

The mining sector garners attention as Chinese company MCC Tongsin Resources expresses keen interest , showcasing Pakistan’s emerging opportunities and potential for foreign investors.According to the State Bank of Pakistan banking deposits surged by over 21%. As per PBS, Pakistan experienced a significant surge in raw food exports, which grew by 23.19% to reach $570.47 million compared to $463.07 million.
Rice exports soared by an impressive 80.13% to $3.28 billion in the first ten months of FY24, with basmati rice leading the charge. Additionally, meat exports rose by 24.37% to $430.74 million during the same period. while fruit exports experienced a healthy growth of 17.85%, reaching $274.23 million in 10MFY24.
The country achieved remarkable milestones, including $1.5 billion from sesame exports and $210 million from unprecedented onion exports during July-April FY24.
Pakistan’s imports decreased by 4.09% to $44.794 billion this year, reducing the trade deficit by 17.09% to $19.514 billion, reflecting a more balanced trade landscape.
Under the vision of Pakistan’s COAS of Pakistan Army General Asim Munir, SIFC has played a crucial role in stimulating FDI and rebuilding investors’ confidence, leading to substantial economic progress.
A Bloomberg report by economist Ankur Shukla projects Pakistan’s economy to grow by 2.1% in FY24 and accelerate to 4.8% in FY25, reflecting the positive impacts of government reforms.
In addition to that, the creation of Special Economic Zones (SEZs) throughout the country is a crucial element of the FDI plan.
Economic experts foresee Pakistan’s GDP to grow by an average of 5.5% annually over the next five years under Shehbaz Sharif’s government. With strong FDI momentum and strategic partnerships in place, Pakistan’s economic landscape is poised for sustained growth and global relevance in the coming years.