Significant Decline in Imports for Major Industries in Pakistan

The country’s imports for major sectors have seen a substantial decrease in the first six months of the current fiscal year, primarily attributed to the closure of the Afghan border and a decline in domestic production. According to a report by the Statistical Agency, imports of food items from July to December recorded a 40.29 percent decline, with a total value of $2.36 billion, compared to approximately $4 billion during the same period in the previous fiscal year. The report also stated that there was a 49.90 percent decline in rice imports, a 36.80 percent decline in vegetable imports, and a 63.78 percent decline in dry fruit imports. Textile imports, however, saw a 0.90 percent increase, with a total value of $916 million. The report also noted a 43.66 percent decline in plastic goods imports and a 28.67 percent decline in pharmaceutical imports. Furthermore, there was a 36.51 percent decline in transport equipment imports.