IMG registers surge of 40.84 percent in six months

Imports of Machinery Group (IMG) have registered an increase of 40.84 per cent during the first six months of the current fiscal year as compared to the same period of the last fiscal year, according to Pakistan Bureau of Statistics (PBS). Provisional import figures of selected commodities released by the PBS here on Friday showed that imports of Machinery Group have increased to $5.666 billion during July-December 2016 as compared to $4.023 billion for the same period of the last fiscal year.
Imports of power generating machinery have increased to $1.651 billion during the first six months of the current fiscal year from $790.202 million for July-December 2015, reflecting an increase of 109.02 per cent, while imports of office machines including data procurement equipment increased to $258.644 million during the period under review from $149.509 million, which showed an increase of 74.17 per cent.
Imports of textile machinery have increased to $258.641 million in July-December 2016 from $232.415 million for the same period of last fiscal year, registering an increase of 12.13 per cent, while construction and mining machinery imports increased to $250.780 million from $161.905 million, reflecting an increase of 56.40 per cent.
Electrical machinery & apparatus imports have increased to $962.548 million in the first six months of the current fiscal year from $892.355 million against the same period of the last fiscal year, showing an increase of 7.87 per cent.
However, there was a decline of 4.95 per cent in telecom imports during the period under review as it decreased to $660.116 million in the current fiscal year from $694.497 million for the same period of the last fiscal year, while import of mobile phone squeezed to $329.234 million in July-December 2016 from $375.064 million as compared to the same period of the last fiscal, reflecting a fall of 12.22 per cent.
Import of other apparatus has increased to $330.882 million during the first six months of the current fiscal year from $319.433 million for the same period of last fiscal year, showing an increase of 3.58 per cent.
The import of agricultural machinery & implements increased to $49.988 million from $43.482 million, showing a surge of 14.96 per cent, while import of other machinery increased to $1.574 billion in July-December 2016 from $1.059 billion in July-December 2015, which reflects an increase of 48.63 per cent.