Islambad August 4 2024: The imports of the overall machinery group experienced a substantial increase of 46.27 per cent during the last fiscal year compared to the 2022-23 period, the Pakistan Bureau of Statistics (PBS) reported.
The surge in machinery imports is poised to enhance productivity and technological advancement across key sectors, driving economic growth and infrastructure development.
The total imports of the machinery group during the last year stood at USD 8,500.628 million against the imports of USD 5,811.517 million recorded in 2022-23.
The import of agriculture sector machinery and equipment surged by 122.85 per cent from USD 40.972 million to USD 91.307 million; office machinery including data processing equipment 35.31 per cent from USD 339.428 million to USD 459.288 million; construction and mining machinery 11.16 per cent from USD 84.730 million to USD 94.187; electrical machinery and apparatus 95.67 per cent from USD 1,673.820 million to USD 3,275.127 million; telecom related equipment 147.36 per cent from USD 956.696 million to USD 2,366.500 million; mobile phone 233.10 per cent from USD 570.071 million to USD 1,898.933 million and other apparatus 20.94 per cent from USD 386.625 million to USD 467.567 million.
However, during the period under review, the import of power-generating machinery declined by 16.46 per cent from USD 500.450 million to USD 418.085 million; textile machinery by 54.52 per cent from USD 328.427 million to USD 149.364 million; other equipment by 12.73 per cent from USD 1,886.996 million to USD 1,646.768 million.
