In the first eight months of the current fiscal year, Pakistan’s import bill exceeded $37.87 billion, reflecting a 7.60% increase compared to the same period last year, when the import volume was $35.19 billion.
Key imports included vehicles, machinery, food products, and petroleum. Notably, over $1 billion worth of mobile phones were imported, while food items such as milk, butter, and cream amounted to over $5 billion in imports.
Imports of machinery saw a more than 15% increase, reaching $5.82 billion, with growth in power, textile, office, construction, and electrical machinery. Despite a 13% decrease in mobile phone imports, the total value still exceeded $1 billion.
Petroleum imports grew by 1.20% to $10.7 billion. Imports of agricultural machinery and chemicals increased by 2.52%, totaling $5.87 billion in foreign exchange spending.
Transport imports saw a significant rise of 24.33%, reaching $1.38 billion, with a 23% increase in vehicles and spare parts imports, amounting to over $750 million.
Despite a slight 1.47% decrease in food imports, Pakistan still imported $5.38 billion worth of food, including wheat, dry fruits, tea, spices, palm oil, soybean oil, sugar, and pulses. Textile imports surged by 59%, totaling $2.71 billion.
