Pakistan’s machinery imports up over 21 pct in Q1

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. ■