Import bill of Electrical machines rises by 32.5% YoY in Jul-Mar FY20

April 20, 2020 (MLN): The import bill of the Machinery group has witnessed a decrease of around 15% YoY/MoM to clock in at $623 million in the month of March 2020.

During July-March FY20, the main machinery during the period that contributed to declining import bill was of Telecom Apparatus, Office Machines, and Equipment and other machines as their imports declined notably by 24.58% YoY, 15% YoY and 27.75% YoY respectively.

According to the latest data issued by the Pakistan Bureau of Statistics (PBS), under the Machinery group, the major portion of import was associated with Electrical Machinery & Apparatus which registered the growth of 32.5% YoY to stand at $1.75 billion during 9MFY20.

In 9MFY20, Telecom machines, which is also the major chunk of the import bill accounted for 20.16% of the entire group’s import, valued at $ 1.33 billion, showing an increase of 29.67% YoY against $1.03 billion.

Within the Telecom, the imports of Mobile Phones jumped significantly by 76% YoY to $979 million from $557 million during July-March FY20.

Copyright Mettis Link News

Posted on: 2020-04-20T17:23:00+05:00

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