Pakistan’s oil import hits highest level of history
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The petroleum group imports witnessed an increase of 100.78 percent, as it reached $12.941 billion in July-February 2021-22, which is the highest ever.
Pakistan had imported $6.445 billion during the same period of the last fiscal year, says the Pakistan Bureau of Statistics (PBS).
The exports and imports data released by the PBS revealed that the petroleum group registered 17.74 percent decline in February 2022 and remained $1.245 billion when compared to $1.514 billion in January 2022; however, registered 54.74 percent growth on a year-on-year basis in February 2022 when compared to $804.85 million during the same month of last year.
The country’s textile group exports witnessed 26.08 percent growth during the first eight months (July-February) of the current fiscal year and remained $12.607 billion compared to $9.99 billion during the same period of the last fiscal year. The textile group exports increased by 7.92 percent on a month-on-month basis and remained at $1.674 billion in February 2022 compared to $1.55 billion in January 2022.
