Paksitan spent $124.412m on import of agriculture machinery in FY 2017-18

ISLAMABAD: The import of agriculture machinery during the financial year 2017-18, witnessed about 4.77 per cent growth as the country spent $124.412 million of the mechanisation of agriculture sector of the country as against the corresponding period of last year.

During the period from July-June, 2017-18, agriculture machinery worth $124.412 million were imported as against the import of $118.743 million of the same period of last year, according to the data of Pakistan Bureau of Statistics (PBS).

During the period under review, other machinery worth $3.666 billion were imported, which posted about 9.28 per cent growth when it was compared to the import of $3.354 billion of the same period last year.

Meanwhile, in last fiscal year, telecom machinery valuing $1.534 billion imported as compared the imports of $1.351 billion of the same period of last year, whereas mobile phones worth $847.654 million imported as against the US$ 709.690 million of the same period last year.

By the end of last fiscal year, the country imported transport group goods valuing $4.383 billion as compared the imports of $3.327 billion of the same period of last year, which grew by 31.74 per cent, the data revealed.

It may be recalled that machinery group imports into the country during last financial year ended on June 31, 2018, were stood at $11.596 billion, which recorded at $11.754 billion during the corresponding period of last year.

Must Read

SCO summit: Rs2.7 billion allocated for Islamabad’s beautification

Interior Ministry seeks approval from ECC for funds spent on the successful hosting of the 23rd Shanghai Cooperation Organisation summit.