China emerged as Pakistan’s largest foreign investor in December 2025, with net direct investment of $114.1 million, followed by the Netherlands at $22 million and Hong Kong at $20.5 million, according to fresh data from the State Bank of Pakistan (SBP).

During 6MFY26, China maintained its lead with net FDI of $422.9 million, while Hong Kong and the UAE followed with $163.8 million and $112.2 million respectively.

Total FDI during 6MFY26 came in at $808.1 million, marking a decline of 43.28% year-on-year against $1.42 billion recorded in the same period last year.

China accounted for 52.33% of Pakistan’s net FDI in the first half of the fiscal year, though inflows from the country fell 41.56% YoY from $723.7 million in 6MFY25. Hong Kong contributed $163.8 million (20.27%), down 34.72% YoY from $250.9 million previously. The UAE ranked third with $112.2 million (13.88%), reflecting a 30.7% YoY decline.

Other key contributors included Switzerland, “Others,” and the United Kingdom with net direct inflows of $106.8 million, $77.9 million, and $55.6 million respectively during the period.

Foreign Portfolio Investment (FPI) was recorded at +$13.1 million for December, while cumulatively it posted a divestment of $600.6 million in 6MFY26 versus divestment of $81.8 million in 6MFY25. The “Others” category was the largest FPI source with $2.2 million in December and $21.5 million over the half-year.

Total foreign investment during December stood at $121.6 million, while cumulative foreign investment in 6MFY26 amounted to $207.4 million, compared to $1.34 billion in the same period a year earlier.