December 20, 2019 (MLN): The imports of the transport group plunged by 37.69%YoY during Jul-Nov FY20 to value at $677 million as against $1.08 billion of the corresponding period of last fiscal year.
According to the data released by the State Bank of Pakistan, the import payment of the transport group was recorded at $97 million, declined by 53% YoY in November 2019 when compared with the same period of last year.
On a monthly basis, transport outflows dropped by 33.39% MoM in November 2019 versus $145 million in October 2019.
The key importable items include Completely Built Unit (CBU) and Completely Knock Down (CKD) which valued at $133 million and $389 million respectively in Jul-Nov FY20.
Under the category of CKD, the significant decline was seen in imports of Motor Cars, down by 39%YoY to clock in at $257 million during Jul-Nov FY20.
Moreover, the import bill of Aircraft, Ships, and Boats shrank by 48% YoY to stand at $60 million in the aforementioned period.
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