http://www.nation.com.pk/pakistan-n...ec-2012/-6-5b-spent-on-oil-import-in-5-months
ISLAMABAD - The cash-starved government of Pakistan has spent huge amount of $6.5 billion on oil import during five months (July-November) of the ongoing financial year 2012-13 as petroleum products demands increase in the country due to severe gas shortage.
According to the figures of Pakistan Bureau of Statistics (PBS), the country has spent $6.5 billion on import of petroleum products during the July-November period of 2012-13 as compare to $6.3 billion of the same period of last year registering an increase of over two per cent in one year. The trade analysts are of the view that import of petroleum products increased due to unending gas crisis in the country, which might further deepen in the months. They further said that oil import bill might further increase in December and January, as gas crisis likely to remain in these months.
The break-up of $6.3 billion oil import bill revealed that country has spent $4.166 billion on petroleum products and $2.279 billion on import on petroleum crude during the first five months of ongoing financial year.
The PBS figures revealed that country imported foodstuff worth of $1.859 billion during July-November 2012-13. Import bill of milk products was up by 17.84 per cent, dry fruits and nuts 7.05, import of tea decreased by 32.01 per cent, import of spices decreased by 33.42 per cent, soyabean oils imports enhanced by 38 per cent, palm oil import decreased by 16.62 per cent, sugar import declined by 80.84 per cent, import of pulses went down by 9.11 per cent and import of all other food items decreased by 15.22 per cent during the period under review.
Meanwhile, according to PBS figures, the country imported machinery worth of $2.406 billion, transport group imports stood at $785 million, textile group $885 million, agricultural and other chemicals $2.592 b0illion, metal group $1.292 billion, miscellaneous group imports were recorded at $388 million and all other items imports remained $1.643 billion during July-November period of 2012-13 against July-November period of 2011-12.
It is worth mentioning here that Pakistans overall imports were recorded at $18.249 billion during July-November period of the 2012-13 as compared to $18.417 billion of July-November period of 2011-12.
COMMENTS: I wanna quote this para again
So basically here is what increased in imports too
1. Imported Milk
2. Soyabean oil
3. Dry fruits and Nuts
And the decrease was in
1. Tea
2. Spices
3. Palm Oil
4. Sugar
5. Pulses
Isnt that kinda ironic that the basic necessities dropped and relative non-basic items were imported? Saddens me to see see thing. I know few folks who run charity orgs in Pakistan and sometimes i hear the stories from them, I cant eat food after that. May the Creator of Mankind protect the weak from humankind.
