The country's textile machinery import surged to $44.692 million in the first month (July) of fiscal year 2016-17, up by 29 percent, official figures say. Thus, the growth in textile machinery import stands at $9.994 million in July 2016-17 as compared to the very machinery import of $34.698 million in July 2015-16, Pakistan Bureau of Statistics shows.
On a monthly basis, textile machinery import went up by six percent or $2.44 million in July 2016 from $42.252 million in July 2015. Import of construction and mining machinery mounted to $39.326 million in July 2016-17 from $29.030 million in July 2015-16, showing a rise of 64 percent or $10.296 million. In July 2016, the country's import of construction and textile machinery however slumped by 16 percent or $7.258 million from $46.584 million in July 2015.