Imports of machinery group have increased by 37.50 percent in July 2016 as compared to the same month of last fiscal year largely because of increase in import of machinery for power generation, according to Pakistan Bureau of Statistics.
Provisional import data released by the PBS shows that the country imported $739.078 million machinery in the month of July 2016 against $537.509 million for the same month a year ago. There was an increase of 74.04 percent in increase of power generation machinery. The country imported $163 million power generation machinery in July as compared to $93 million for the same month a year ago.
The data also reveals that import of office machinery also witnessed a huge increase of 118 percent during the period under review with total imports for official use increasing up to $163 million in July 2016 against $93 million in July 2015. There was also an increase of 28.8 percent in import of textile machinery subsequent to $44.692 million imports in July 2016 as compared to $34 million same month last year. Construction & mining machinery imports also increased by 63.65 percent in July 2016 as compared to the same month a year ago with imports soaring up to $39.326 million from $4.030 million.
There was a decline of 10.32 percent in import of electrical machinery & apparatus after their imports decreased to $143.233 million against $159.714 million, followed by telecom sector imports decline of 5.13 percent to $74.261 million from $78.277 million.
Imports of mobile sector have increased by 1.84 percent to $46 million from $45 million, agricultural machinery $8.135 million in July 2016 as compared to $7.611 million in July 2015. Imports of other machinery witnessed an increase and rose to 86.99 percent in July 2016 over same month a year ago.