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Home Prime News

Imports rose by over 51 percent in six months of fiscal year

CEO Tab by CEO Tab
January 23, 2022
in Prime News
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"Govt is serious to streamline the customs administration"
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Imports have reached around Rs 1 trillion in six months as it has increased by 51.13 percent since the beginning of the fiscal year.

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As of mid-December last year, the imports were Rs 661 billion, but in six months of this fiscal year, it is Rs 999 billion.

Exports have increased by 95.48 percent in the current fiscal year. The customs department has stated that goods worth Rs. 118 billion have been exported till January.

Despite the increase in exports, the trade deficit has increased by 46.64 percent and foreign trade has increased by 54.86 percent.

Petroleum products worth Rs 153 crore, steel, and iron worth Rs 96.51 billion, machinery and household goods worth Rs 143 billion, vehicles and their parts worth Rs 61 billion were imported, according to the department.

Exports of oil products alone are worth Rs 68.67 billion, while clothing worth Rs 5.5 billion, coffee and tea are worth Rs 4 billion.

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