Petroleum group imports in April 2023 totaled $891.468 million, down 59.91 percent year over year (YoY) from $2.223 billion in April 2022, according to PBS data.
The first 10 months (July–April) of the current fiscal year 2022–23 (FY23) saw a negative growth of 17.96% in Pakistan’s petroleum group imports, falling to $13.974 billion from $17.033 billion during the same period of the previous fiscal year, according to the Pakistan Bureau of Statistics (PBS).
Petroleum group imports in April 2023 totaled $891.468 million, down 59.91 percent year over year (YoY) from $2.223 billion in April 2022, according to PBS data on exports and imports.
Petroleum product sales for the first ten months of FY23 decreased by 28.07 percent to $6.149 billion from $8.549 billion in the same period of FY22. From $484.024 million in March 2023 to $312.588 million in April 2023, imports fell by 35.42 percent on a monthly basis.
The total imports from July through April of FY23 were $46.882 billion (provisional), down from $65,519 billion during the same period of FY22. This represents a decrease of 28.45%.
The imports in April 2023 were $2.997 billion (provisional), down from $3.816 billion in March and from $6.661 billion in April 2022 by 21.46 and 55.01 percent, respectively.
The main commodities of imports during April 2023 were petroleum products (Rs. 89,071 million), petroleum crude (Rs. 78,928 million), natural gas, liquified (Rs. 73,700 million), palm oil (Rs. 51,310 million), Plastic materials (Rs. 36,918 million), raw cotton (Rs. 33,683 million), electric machinery and apparatus (Rs. 33,358 million), iron and steel (Rs. 26,249 million), medicinal products (Rs. 20,304 million), and pulses (leguminous vegetables) (Rs. 17,304 million).
A federal department of the Pakistani government is the Pakistan Bureau of Statistics. Prime Minister Liaquat Ali Khan established it in 1947, and in 1950 it was made an attached department of the Economic Affairs Division.
The Central Statistical Office was upgraded by Prime Minister Zulfikar Ali Bhutto to a full-fledged government division in 1972. The Federal Bureau of Statistics was created when the bureau was reorganised in 1981, taking the technical division’s place. Dr. Mahbub ul Haq, a former finance minister, further reorganised the bureau.