Pakistan Sees Significant Economic Progress Through Global Investments with SFIC’s Support

Pakistan’s economy has experienced notable growth with significant foreign investments, aided by the support of the State Bank of Pakistan (SFIC). According to a report from the Competition Commission of Pakistan, a total of 29.6 billion Pakistani rupees in foreign investments were approved in 2024, spread across key sectors such as banking, energy, pharmaceuticals, and others.

**Key Investment Highlights:**

1. **Aramco Asia’s Stake in Pakistan Petroleum:** In April 2024, Aramco Asia acquired a 40% stake in Pakistan Petroleum, reflecting global confidence in Pakistan’s economic potential.

2. **Dutch Egyptian Company’s Investment in Advance Pakistan Microfinance Bank:** This investment is expected to foster the development of advanced technology in the financial sector, strengthening Pakistan’s banking system.

3. **Italian Company’s Stake in Fatima Rice Mills:** The Italian company’s acquisition of a 50% stake in Fatima Rice Mills sets a new example of foreign investment in Pakistan’s agricultural sector.

4. **Swiss Company’s Investment in Energy Sector:** A renowned Swiss company purchased 50% of the shares in Total Parco, showcasing interest in Pakistan’s energy sector.

5. **Saudi Private Company’s Acquisition of Shell’s Stake:** A private Saudi company bought 77% of Shell’s shares, further strengthening trade relations between Pakistan and Gulf countries.

With SFIC’s support, these government-led initiatives are expected to enhance Pakistan’s economic growth and improve its international investment standing.