Import of textile machinery nosedives to $153.028m

RECORDER REPORT

KARACHI: Pakistan’s import of textile machinery nosedived to $153.028 million in July-Oct 2019, down by 1.15 percent, official figures say. Fall in textile machinery now comes to the tune of $1.773 million in July-Oct 2019 from $154.801 million in July-Oct 2018, Pakistan Bureau of Statistics shows.

In Oct 2019, the country’s import of textile machinery however slid phenomenally to $27.291 million from $42.995 million, showing a drop of 37 percent or $15.704 million.

Imports of electrical machinery and other apparatuses surged by 10 percent or $58.364 million to $665.610 in July-Oct 2019 from $607.246 million in July-Oct 2018. Going up by 11.02 percent or $43.135 million, imports of electrical machinery and other apparatuses grew to $163.124 million in Oct 2019 from $119.989 million in Oct 2018.

Down by 46.09 percent or $47.321 million, imports of constructions and mining machinery went up to $55.348 million in July-Oct 2019 from $102.669 million in July-Oct 2018. From $16.928 million in Oct 2018, imports of constructions and mining machinery surged by 28 percent or $16.928 million to $21.635 million in Oct 2019.