The volume of imports in the first month of the financial year is 3 billion 700 million dollars, a record - Money

The quantity of imports within the first month of the monetary yr is 3 billion 700 million {dollars}, a report – Cash

Economy By Aug 23, 2023 No Comments

Within the first month of the monetary yr, the amount of imports was recorded at 3 billion 70 million {dollars}. As a result of slowdown in enterprise actions, the import invoice recorded a lower of 1.28 billion {dollars} in July.

In line with the report of the Federal Bureau of Statistics, the import of petroleum merchandise, meals and equipment decreased whereas the import of some items together with cellphones, autos, palm oil and fuel elevated.

In line with the report, within the first month of the fiscal yr 2023-24, a lower of 25.62% was recorded within the import invoice, the imports decreased from 4 billion 98 million {dollars} to three billion 70 million {dollars}.

In line with the information, the import of petroleum, meals, equipment, textile, agricultural items has fallen, the import of iron, metal, cotton, wheat, textile equipment, pulses, medical gear has additionally decreased.

In line with the Federal Bureau of Statistics, the import invoice of petroleum decreased by 37% in comparison with July 2022, to 790 million {dollars}, which was 1 billion 43 million {dollars} in July 2022, 1 billion 63 million {dollars} in June 2023.

The meals import invoice declined by 18% to $624.8 million from $763.1 million in July 2022 and $556.7 million in June 2023. Import of equipment decreased by 21.36% to 49.34 million {dollars}.

In line with the report, there was a 75.59% improve within the import of cellphones, 6 crore 81 million {dollars} have been imported. Greater than 19 billion rupees have been spent on the import of cellphones. Imports of motor vehicles elevated by 34.17%, importing greater than 70 million {dollars}.

20.86% lower in textile import, quantity import invoice was 244.7 million {dollars}, agricultural items 10%, 21% lower in import of metals together with gold, silver, pure fuel, palm oil, pulses, plastic materials, medical Imports of products, iron and metal elevated.

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