May 21, 2021 (MLN): The import bill of the Machinery group has fallen by around 24% MoM to stand at $793 million in the month of April 2021. While it surged by 62% when compared to the corresponding period last year.
According to the data issued by the Pakistan Bureau of Statistics (PBS), the major portion of import was associated with Telecom in terms of value, showing a decrease of 36.4% YoY to clock in at $193 million during April 2021. This was followed by the imports of Electrical Machinery & Apparatus which were recorded at $176 million, down by 2.7% MoM, and Power Generating Machinery with $82 million in the month of April 2021.
The imports of Mobile Phones under the head of Telecom witnessed a significant 34% MoM decline to $148 million during the month under review.
During July-April FY21, the imports of the machinery group jumped by 11% YoY to $7.93 billion. The biggest contributor to the import bill, in terms of value, is Telecom, showing a significant surge of 48% to $2.12 billion. Within Telecom, the imports of Mobile Phones climbed considerably by 64% YoY to $1.68 billion during 10MFY21.
