CKD/SKD import decreases 30.96 pc in July 2022

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The import of completely and semi-knocked down (CKD/SKD) products into the country witnessed a decrease of 30.96 percent during the first month of current fiscal year (2022-23) as compared to the corresponding period of last year.

Pakistan imported CKD/SKD products worth $101.204 million during July 2022 as compared to the imports of $146.577 million during July 2021, according to the Pakistan Bureau of Statistics (PBS).

Among the CKD/SKD products, the import of buses, trucks and other heavy vehicles decreased by 17.29 percent from $33.653 million last year to $27.835 million during the period under review while the imports of motor cars also dipped by 36.38 percent from $106.720 million to $67.896 million. Similarly, the import motor cycles witnessed negative growth of 11.78 percent from $6.204 to $5.473 million.

On a monthly basis, CKD/SKD imports during July 2022 decreased by 46.30 percent when compared to the imports of $188.464 million in June 2022. The import of buses, trucks, other heavy vehicles and motor cars also declined by 38.08 and 50.92 percent respectively. —APP

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