http://www.khaleejtimes.ae/DisplayArticleNew.asp?xfile=data/business/2006/December/business_December650.xml§ion=business&col=
Pakistan's import bill of oil products up 31.38 per cent > FROM A CORRESPONDENT 24 December 2006 ISLAMABAD --- Pakistan's import bill of oil products rose by 31.38 per cent during the months of July-Nov of the Fiscal Year 2006 to $3.391 billion as against $2.581 billion over the same months of last year. The share of the oil in the total import bill has reached to 28 per cent during the period under review as against the 23 per cent share over the same period of the last year. It indicates that the share of oil import has increased despite the fact that the oil prices declined in the international market. Official figures released by Federal Bureau of Statistics (FBS) indicated that the import of crude oil increased by 4.57 per cent to $1.615 billion during the period under review as against $1.544 billion over the same months of the last year. However, the growth in imports of petroleum products was more than 71 per cent. Like last year, import bill of oil would seem to be the prime mover of the trade deficit this year because of greater consumption. The statistics showed that the more depressing aspect of the current trend in economy was the steady decline in import of over all machinery particularly the textile machinery. The textile machinery declined by more than 36 per cent during the July-Nov period of 2006 over the last year. It showed that textile tycoons have stopped the import of machinery for modernizing their units to enhance the quality of their products and reduce the cost of doing business for making it competitive with those coming from India and China in international market. The second biggest component of the import bill in value was the machinery group. However, it increased by six per cent in July-Nov 2006 to $2.460 billion as against $2.321 billion over the same months of the last year. The import bill of machinery mainly pushed by an increase of 24.18 per cent in power generating machinery, office machines 13.05 per cent and agriculture machinery 2.63 per cent. In the telecom sector, the import of mobile phones increased by 41.48 per cent and other apparatus 10.44 per cent during the five months of the current fiscal year over the same months of the last year. +++ -------------------------- Want to discuss this topic? Head on over to our discussion list, [EMAIL PROTECTED] -------------------------- Brooks Isoldi, editor [EMAIL PROTECTED] http://www.intellnet.org Post message: osint@yahoogroups.com Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] *** FAIR USE NOTICE. This message contains copyrighted material whose use has not been specifically authorized by the copyright owner. OSINT, as a part of The Intelligence Network, is making it available without profit to OSINT YahooGroups members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of intelligence and law enforcement organizations, their activities, methods, techniques, human rights, civil liberties, social justice and other intelligence related issues, for non-profit research and educational purposes only. We believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/osint/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/osint/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
