POL import bill contracts by 9.27%



The imports of the overall petroleum group contracted by 9.27 percent during the first seven months of the current fiscal year (2022-23) as compared to the corresponding period of the last year, the Pakistan Bureau of Statistics (PBS) reported.

The total imports of the petroleum group during July-January (2022-23) stood at $10,611.740 million, as against the imports of $11,696.009 million during the same period of last year, according to PBS data.

Among petroleum commodities, the import of petroleum products declined by 14.73 percent, from $5,734.241 million last year to $4,889.800 million during the time period under review.—APP