Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

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Machinery Imports amounts USD 919.993 million for the month of March 2018

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The machineries that are imported during the month of March 2018, of current financial year incline by 35.08 percent on month on month basis and 13.55 percent, in contrast to the corresponding period of the current fiscal year.

Imports of Machinery amounted 919.993 million dollar in the month of March 2018 whereas it was 681.07 million dollar in the month of February 2018.

The Machinery that are imported to Pakistan includes Power Generating Machinery, textile Machinery, Construction and mining Machinery, Electrical Machinery and Apparatus, Telecom, Other Apparatus, Agricultural Machinery , Office Machinery ( including Data Pros. Equipment) and Other Machinery.

The data revealed that the biggest composition in the import of Machinery is Other Machineries that occupies 26.43% which amounts to 243.119 million dollars, whereas in contrast to February 2018, it amounts to 201.904 million Dollar.

The major composition of imports of machinery is occupied by other machinery which is 26.43 percent which amounts to 243.119 million dollar, telecom machinery which constitute 17.88 percent that worth 164.530 million dollar, electrical machinery and apparatus which occupies 13.55 percent and power generating machinery that occupies a composition of 13.01 percent that is about 119.729 million dollar.

According the data of Pakistan Bureau of Statistics, Other Apparatuses imports are increase by more than 164 percent on month on month basis and 62.09% percent in the corresponding period of the fiscal year.

Telecom imports increase by 81.18 percent on month on month basis whereas 48.04 percent of increment in imports are seen in the corresponding month of the current fiscal year.  

Only 0.75 percent of the agricultural machinery is imported to Pakistan, its imports are low because Farmers of Pakistan apply old farming methods.

Construction and Mining Machinery’s import declined by 17.48 percent on month on month basis whereas it declined by 26.25 percent in the corresponding period of the current fiscal year.

Moreover, agricultural machinery has declined by 29 percent on month on month basis, whereas it is declined by 34.49 percent in the corresponding month of the current fiscal year.  

Posted on: 2018-05-10T15:59:00+05:00