Import of agricultural machinery surges 8.73pc in FY19

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ISLAMABAD: The import of agricultural machinery into the country during the financial year 2018-19 witnessed an increase of 8.73pc, as compared the corresponding period of last year.

According to the data released by Pakistan Bureau of Statistics, agriculture machinery worth $135.312 million was imported during the period from July-June 2018-19, as compared the import of $124.449 million during the same period last year.

However, the import of fertilizers during the period under review reduced by 4.09pc, as about 1,93,4,977 metric tons of the fertilizers, worth $788.676 million, were imported as compared the imports of 1,145,613 metric tonnes, valuing of $832.757 million, in the same period last year.

Meanwhile, about 29,860 metric tonnes of insecticides, valuing $189.915 million, were imported in FY19, as against 26,488 metric tonnes, worth $173.744, in FY18.

During the period under review, the country spent $1.093 billion on the import of 23,217 metric tonnes of medicinal products, as compared the imports of 22,394 metric tonnes ($1.072 billion) a year earlier, depicting an increase of 1.99pc.

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