Pakistan’s total imports have crossed $45 billion during the first eight months of the current fiscal year, showing a noticeable increase compared to the same period last year.
Reports indicate that imports grew by about 8.21 percent from July to February, reflecting the country’s increasing dependence on foreign goods.
According to available data, the import bill rose by approximately $3.45 billion during these eight months. The increase highlights rising demand for several consumer and industrial products in the country.
One of the most significant increases was seen in smartphone imports. Pakistan imported smartphones worth around $1.29 billion during the period, which is nearly 30 percent higher than the previous year.
The growth shows the rising demand for mobile devices as digital connectivity continues to expand across the country.
Luxury car imports also recorded a major surge. The value of luxury vehicle imports increased by 126 percent, reaching more than $1.53 billion.
Overall imports related to the transport sector also increased sharply by about 87 percent, totaling nearly $2.58 billion.
Food imports also rose despite Pakistan being an agricultural country. The country imported food items worth about $6.41 billion during the first eight months of the fiscal year, representing an increase of 18.42 percent compared to the same period last year.
Several food products recorded higher import levels, including sugar, dry fruits, tea, spices, soybean, and palm oil. Analysts believe the increase in imports reflects both growing domestic demand and production gaps in certain sectors.
Experts say managing the rising import bill will remain an important economic challenge in the coming months.