The country' import of textile machinery declined to $515.635 million during July-May 2017, lower by 23 percent, according to official figures. Fall in textile machinery import reached $96.388 million in July-May 2017 from $419.247 million in July-May 2016, Pakistan Bureau of Statistics said. In May 2017, import of textile machinery scaled back to $56.577 million from $44.167 million in May 2016, down by 26 percent or $12.41 million.

Import of mobile handsets reduced to $637.138 million in July-May 2017 from $687.252 million in July 2016, showing a fall of 7.29 percent or $50.114 million. Pakistan's import of cellular phones also went down to $64.762 million in May 2017 from $51.913 million in May 2016, depicting a slump of 25 percent or $12.849 million.

Copyright Business Recorder, 2017