The oil import bill posted a hefty decline of over 26 per cent in the first two months of the current fiscal year from a year ago, showed data released by the Pakistan Bureau of Statistics (PBS).<\/p>\n
The data analysis suggests that all the groups including food group, petroleum good, consumer durables and raw materials have witnessed hefty decline in imports during the July-August period of 2019-20 over the same period last year.<\/p>\n
The overall import bill declined by 21.41pc year-on-year to $7.67bn in July-August mainly due to decrease in arrival of furnace oil, palm oil and textiles.<\/p>\n
Product-wise data showed that petroleum group imports dipped 26.75pc to $1.93bn during the July-August period, with the largest drop coming from crude oil, down 55pc in value.<\/p>\n
However, a 46.36pc dip was recorded in terms of the total quantity imported bringing down to 0.9 million tonnes.<\/p>\n
On the other hand, liquefied natural gas (LNG) imports declined 8.75pc while the import of liquefied petroleum gas (LPG) surged 39.72pc during the period under review.<\/p>\n
The overall transport group also witnessed a negative growth. The import of motor vehicle dropped by over 41pc during July-August.<\/p>\n
The overall food group import declined by 26.8pc during July-August mainly due to imposition of regulatory duties on proceeds foods. The import of soyabean oil, however, posted a growth of 122.4pc.<\/p>\n
However, textile and clothing exports posted a paltry growth of 2.3pc to $2.303bn during the first two months of current fiscal year as against $2.215bn over the last year.<\/p>\n","protected":false},"excerpt":{"rendered":"
The oil import bill posted a hefty decline of over 26 per cent in the first two months of the current fiscal year from a year ago, showed data released by the Pakistan Bureau of Statistics (PBS). The data analysis suggests that all the groups including food group, petroleum good, consumer durables and raw materials […]<\/p>\n","protected":false},"author":5,"featured_media":9656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1203,31,32],"tags":[],"class_list":["post-9654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","category-pakistan"],"_links":{"self":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/9654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/comments?post=9654"}],"version-history":[{"count":2,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/9654\/revisions"}],"predecessor-version":[{"id":9657,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/posts\/9654\/revisions\/9657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media\/9656"}],"wp:attachment":[{"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/media?parent=9654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/categories?post=9654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vosa.tv\/eng\/wp-json\/wp\/v2\/tags?post=9654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}