Machinery import goes up by 6.36% in five months

The imports of the overall machinery group witnessed an increase of 6.36 per cent during the first five months of the current fiscal year (2023 24) compared to the corresponding period of the last year, the Pakistan Bureau of Statistics (PBS) reported ISLAMABAD, (UrduPoint / Pakistan Point News 1st Jan, 2024) The imports of the overall machinery group witnessed an increase of 6.36 per cent during the first five months of the current fiscal year (2023 24) compared to the corresponding period of the last year, the Bureau of Statistics (PBS) reported.The total imports of the machinery group during July November (2023 24) stood at $ 2,935.576 against the imports of $2,760.055 during the period of the last year.

The of sector machinery and equipment surged by 60.76 per cent $19.784 to $31,804 million; office machinery including data processing equipment 57.11 per cent $129.909 to $204.095 million; construction and mining machinery by 3.87 per cent $33.260 to $34.546 million; machinery and apparatus 17.10 per cent $778.902 to $912.073 million; telecom related equipment 74.

36 per cent $455.625 to $794.445 million; phone 112.20 per cent $290.550 to $616.541 and other apparatus 7.77 per cent $165.075 to $177.904 . However, during the period under review, the of power generating machinery declined by 26.24 per cent $ 243.135 to $ 179.337 million; machinery by 73 per cent $212.

to $56.803 million; and other equipment by 18 per cent $886.654 to $722.473 . Meanwhile, on a year on year basis, the machinery group imports increased 9.17 per cent during 2023 compared to the month of last year, $ 534.863 to $583.926 . On a month on month basis, the machinery imports into the country came down by 15.95 per cent during 2023, compared to the imports of $694,762 in 2023, according to the PBS data..