ISLAMABAD: Imports of the entire engineering group saw a substantial increase of 46.27 percent in the last fiscal year compared to 2022-23, Pakistan Bureau of Statistics (PBS) said.
The surge in machinery imports is poised to boost productivity and technological progress in key sectors, fueling economic growth and infrastructure development.
The total imports of the engineering group during the last year stood at US$ 8,500.628 million as against imports of US$ 5,811.517 million recorded in 2022-23.
Imports of machinery and equipment of the agricultural sector increased by 122.85 percent from USD 40.972 million to USD 91.307 million; office machinery including data processing equipment 35.31 percent from $339.428 million to $459.288 million; construction and mining machinery 11.16 percent from $84.730 million to $94.187; electrical machinery and apparatus 95.67 percent from $1,673.820 million to $3,275.127 million; telecommunications equipment by 147.36 percent from US$956.696 million to US$2,366.500 million; mobile phone 233.10 percent from $570.071 million to $1,898.933 million and other devices 20.94 percent from $386.625 million to $467.567 million.
However, during the period under review, imports of power generation machinery declined by 16.46 percent from US$500.450 million to US$418.085 million; textile machinery by 54.52 percent from US$328.427 million to US$149.364 million; other equipment by 12.73 percent from $1,886.996 million to $1,646.768 million.
