Imports of agricultural and other chemicals into the country fell by 23.07% year on year during the first two months of the current financial year, according to data from the Pakistan Bureau of Statistics.
During the period from July to August 2022, chemicals related to the agriculture sector including fertilizers, pesticides, insecticides, medicinal products and plastic materials worth $1.702 billion were imported to meet the domestic requirements, against the imports of $1.702 billion in the same period last year.
During the period under review, the imports of fertilizers into the country decreased by 86.92% to 23,552 metric tons costing $23.621 million, against 325,527 metric tons valuing $180.616 million in the same period last year.
Meanwhile, the imports of plastic materials decreased by 9.75% to 280,393 metric tons worth $452.995 million, against 328.411 metric tons worth $501.947 million in the same period last year.
The imports of medicinal products into the country during the first two months of the current financial year came down from $689.315 million to $202.717 million. During the period, about 7,214 metric tons of medicinal products were imported, compared to 4,460 metric tons in the same period last year.
However, during the period under review, the imports of insecticides increased 80% to 7,223 metric tons valuing $45.360 million, against 5,212 metric tons costing $25.113 million in the same period last year.
Credit: Independent News Pakistan-WealthPk