Pakistan's agriculture machinery imports decline 27.4pc in two months
Business
The agriculture machinery and implements imported in 2MFY24 valued at $8.878m were imported
ISLAMABAD (APP) - The imports of agriculture machinery and implements during the first two months of the current financial year decreased by 27.49 per cent as compared to the imports of the corresponding period of FY2022.
During the period from July-August 2023, the agriculture machinery and implements valued at $8.878 million were imported as compared to the imports of $11.83m of the same period last year, according to the data of Pakistan Bureau of Statistics (FBS).
Meanwhile, agriculture and other chemicals group imports into the country during the first two months of the current financial year reduced by 15.48 per cent as compared to the imports of the corresponding period of last year.
During the period from July-August 2023, agricultural chemicals costing $1.439bn were imported as against the imports of $1.702bn in the same period of last year.
In the last two months, fertilizer imports decreased by 11.65pc as 38,600 metric tons of fertilizers valued at $20.867m were imported as compared to the imports of 29,978 metric tons worth $23.62 m in the same period last year.
Meanwhile, the imports of insecticides were reduced by 27.03 per cent as 6,620 metric tons of insecticides valued at $33.099m were imported as compared to the imports of 7,192 metric tons costing $45.358m in the same period last year.
During the period under review, the country spent $431.57m on the imports of over 350,807 metric tons of plastic materials as compared to the imports of 269,972 metric tons valuing $452.966m in the same period of last year.
In first two months of the current financial year, 4,807 metric tons of medicinal products worth $177.154m were imported as compared the imports of 5,001 metric tons valued at 203.269m of the same period last year.
During the period under review, the imports of medicinal products reduced by 12.85 per cent as compared to the imports of the first two months of last year, it added.
