Showcasing Pakistan's Economic Situation

— Around 500 new industrial units set up in Khyber Pakhtunkhwa Economic Zones Development (KP-EZD) with an investment of Rs.450 billion during the last four years. 

—  Balochistan government releases Rs861mn in FY 2023-24 to expedite the construction work on Mangi Dam to provide clean water to Quetta.

— Finance Minister assures ‘favorable Outcomes’ for the public & business community in budget finalization. 

— IMF appreciated Pakistan’s tough economic decisions in budget 2024-25. 

— FDI posted 15% growth during the first eleven months of this fiscal year (FY24). SBP stated that Pakistan fetched FDI amounting to $1.729 billion during July-May of FY24 as against $1.505 billion in the same period of last fiscal year (FY23), depicting an increase of $224 million. During the period under review, FDI inflows were $2.71billion as against outflows of $ 983 million.

— China is the largest investing country with an investment of $521 million in total FDI. With $322 million FDI Hong Kong ranked second, UK ranked third with an investment of $244 million during the first eleven months of this fiscal year.

— Airports outsourcing: UAE delegation due on 24th Jun 24.

— ‘Made in Pakistan’ mobile phones meet 95% demand. Domestic production saves 15-20% forex as nearly all global brands now locally assembled. 

— The federal government has decided to establish a Project Management Unit (PMU) to hire the best talent to enhance SIFC’s institutional strength.