Pakistan’s Machinery Imports Surge by 6.36% in Five Months
Pakistan's Machinery Imports Surge by 6.36% in Five Months
Pakistan's machinery imports have experienced a notable increase, rising by 6.36% during the first five months of the current fiscal year (2023-24) compared to the corresponding period last year, according to data from the Pakistan Bureau of Statistics (PBS). The total imports in the machinery group reached $2,935.576 million, marking a significant uptick from $2,760.055 million during the same period in the previous year.
Several subcategories within the machinery sector showed substantial growth. Agriculture sector machinery and equipment imports increased by an impressive 60.76%, reaching $31.804 million. Office machinery, including data processing equipment, saw a rise of 57.11%, climbing from $129.909 million to $204.095 m...