Food imports increase by 15% in three months of the financial year 2022-23

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Pakistan’s food imports, despite being an agricultural country, increased by 15% in the first three months of the 2022-23 financial year, ARY News reported.

According to the details, Pakistan’s food imports reached $2.79 billion in July-September 2022. In the corresponding period last year, imports were Rs. 2.11 billion.

Wheat imports in July-September jumped 311% and cost $407 million. Last year, $99 million worth of wheat was imported during the same period.

Cooking oil imports increased by 34% and cost $1.24 billion. Tobacco imports increased by 26% and fruit and vegetable imports by 8%.

Read also: Food imports increased by 0.68% in FY18

However, sugar imports fell by 98% and tea and coffee imports by 9%.

Earlier in September, PBS statistics showed that the country’s annual edible imports increased by 64.54%.

Pakistan’s food imports, including wheat, palm oil and soybean oil, increased by 64.45% in July and August, according to data released by the Pakistan Bureau of Statistics.

According to PBS statistics, Pakistan imported food items worth Rs 392.83 billion in the first two months of the 2022-23 financial year. Last year, the country’s food import bill for the same months was 238.88 rupees, PBS said.

The largest spike was seen in wheat imports, which increased by 2,435% in the first two months of the fiscal year. Pakistan imported wheat worth Rs 68.49 billion this year, while the wheat import bill for July and August 2021 was only Rs 2.70 billion.

Read also: Pakistan’s annual food imports increase by 64.45% in July and August

In addition, Pakistan imported palm oil worth 157.79 billion rupees (68.67% more than last year) and soybean oil worth 9 .48 billion rupees (255.36% more than last year), according to PBS data.

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