ISLAMABAD: Petroleum group imports in the country during first quarter of current financial year fell by 5.71 percent as compared to the same period of last financial year.
Petroleum group import in the country came down from US$ 3.984 billion to US$ 3.756 billion during the period from July-September, 2014 showing a negative growth of 5.71 percent in their imports.
According the data of Pakistan Bureau of Statistics (PBS), about 3,471,821 metric tons of petroleum products costing US$ 2.445 billion imported during the period under review as compared to imports of 3,394,633 metric tons of petroleum products valuing US$ 2.456 billion imported same period last year.
The import of petroleum products during first three months recorded 0.42 percent decrease as compared to the imports of same period of last year, the data reveled.
Meanwhile, the import of petroleum crude in the country also registered a decrease of 14.22 percent during first 3 months of current financial year as about 1,648,675 metric tons of the crude petroleum costing US$ 1.331 billion imported as against the 1,998,892 metric tons valuing 1.528 billion of same period of last financial year.
According the data, metal group import recorded 21 percent increase as country imported different metals including gold, iron steel scrap, iron steel, aluminum and other metals costing US$ 900 million imported to fulfill the domestic requirements of metals.
During the same period of last financial year different metals costing US$ 742.26 million imported to tackle with the internal requirements of industries, the data reveled.
However, the gold which is the major importing metal recorded decrease in its import by 97.18 percent during the period from July-September as country imported 93 kg of gold costing US$ 3.851 million as compared to the gold import of 3,345 kg valuing US $136.525 million.
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