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Pakistan's machinery imports up over 21 pct in Q1

0 Comment(s)Print E-mail Xinhua, November 8, 2024
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ISLAMABAD, Nov. 8 (Xinhua) -- Pakistan's machinery imports in the first quarter of the current fiscal year starting from July 2024 went up 21.67 percent year-on-year, official data showed.

The imports of machinery and equipment were recorded at about 2,014.3 million U.S. dollars.

The imports of machinery and equipment for the agriculture sector, textile machinery, power-generating machinery, construction and mining machinery, and electrical machinery and apparatus surged substantially during the period.

However, the imports of office machinery, including data processing equipment, mobile phones and telecoms-related equipment, declined.

According to experts, the growth in machinery imports would help elevate productivity and spur technological advancements in essential sectors, leading to economic expansion and infrastructure development. Enditem

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