ISLAMABAD: An increase in the import bills of oil and food items was recorded during July-October of the financial period of 2021-22. The rise in imports reached $25.1 billion, which is a 65.4 per cent increase compared to last year’s bill of $15.17bn during the same period.
The import bill for oil was $6.19bn, while last year it was $3.16bn, indicating a rise of 95.58 per cent. On the other hand, the food items import bill stood at $3.12bn against the last year’s bill of $2.28bn. It will rise further as the imports of 4m tonnes of wheat and 0.6m tonnes of sugar are aligned.
An increase was also recorded in the import bills of machinery. It stands at $3.71bn during the current financial year compared to the last year’s bill of $2.63bn, recording an increase of 40.73pc.
