Karachi: Petroleum products and crude oil constituted 38 share of the overall imports bill of the country during July-August on its increasing prices in international oil market with enhanced local consumption.
Pakistan Bureau of Statistics (PBS) figures said that the imports of petroleum products surged to $2.79 billion in first two months of financial year 2012-13 compared with $2.58 billion, showing an increase of 7.94 percent in value.
The imports of refined petroleum products were recorded at $1.95 billion in Jul-Aug compared with $1.72 percent in the same months of last year. It increased by 12.6 percent in quantity and 13.61 percent in value.
On the contrary, the imports of crude oil have decreased to $836.915 million in Jul-Aug as against $865.821 million in the corresponding period of last financial year, posting 3.34 percent decline in values whereas its volume increased to 5.7 percent, PBS data showed.
The oil imports were seen increased due to rising demand of petroleum products in the transport and power generation sectors. The consumption was stimulus on the reduced oil prices in the local markets as the government passed on the impacts of international trend in prices.
The machinery group imports surged to 11 percent to $896.895 million in Jul-Aug. The imports of power generators and telecom apparatus were seen significant rise during the period, registering 35 percent and 53 percent jump in values respectively as their cost reached to $173.680 million and $132.558 million.
The metal group imports increased to $232.804 million with growth of 5.5 percent in values in the first two month of current financial year.
The imports bill of food items were seen reduced by 9 percent in first two month of FY13, it fell to $818.011 million in Jul-Aug compared with $899.062 million in the previous year.
The agriculture and other chemical group declined by 7.9 percent of the expense in the import bill as it stood at $504.187 million in Jul-Aug.
The textile sector imports were seen under controlled in Jul-Aug showing marginal decline of 1.8 percent to stand at $176.509 million, PBS reported.
Overall the imports totaled $ 7.346 billion the imports during July-August as against $ 7.495 billion during the corresponding period of last year showing a decrease of 1.99%, according to  PBS provisional figures.
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