Construction machinery worth $39.5 million imported in July

September 14, 2018: Imports of construction machinery witnessed 1.28 percent increase during the first month of current financial year as compared to the import of corresponding period of last year.

As per the Pakistan Bureau of Statistics, construction machinery valuing US $39.565 million was imported during the month of July 2018 as compared to the imports of US $39.065 million during the same month of last fiscal year.

During the month of June 2018, construction machinery worth US $23.632 million was imported to fulfill the domestic requirements. The increase in the import of the machinery was attributed to expansion of construction works in the country.

Meanwhile, agriculture machinery worth US $14.563 million was also imported during the period under review as compared to the import of US $11.724 million of same month of last year, showing an increase of 24.22 percent.

However, import of the machinery other than construction and agriculture witnessed 20.83 percent decrease in first month as it came down from US $323.063 million in June 2017 to US $255.779 million during the month under review.

APP