The overall imports of Pakistan have crossed $50 billion in 11 months of the outgoing fiscal year, which has posed a new challenge for the government as growth in exports remain less than half of the pace of increase in imports.
According to the data released by Pakistan Bureau of Statistics (PBS) Pakistan has witnessed 24% increase in country has imported food items worth Rs1.2 trillion during July-May of the current financial year as compared to the previous financial year.
According to the latest data of PBS, wheat worth Rs157.78 billion was imported during this period.
Between July and May, 3.612 million metric tons of wheat was brought into the country. Around 21 billion tons of sugar as well as tea worth Rs86 billion were imported.
According to the document, various pulses worth Rs99 billion, palm oil worth Rs382 billion, spices worth Rs32 billion, dried fruits worth Rs12 billion, and milk, cream and other goods worth Rs28 billion were also imported.
