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Pakistan textile spinning machinery imports skyrocket
24
May '12
The imports of textile spinning machinery and its spare parts by Pakistan have grown enormously during the last fiscal compared to 2009-10.

Pakistan imported textile spinning machines and spare parts worth Pk Rs. 5.28 billion during the fiscal year 2010-11 that ended on June 30, 2011, according to the statistics released by the Federal Bureau of Statistics.

In fiscal 2009-10, Pakistan imported textile spinning machinery and spare parts worth Rs. 2.26 billion.

The maximum growth in imports was witnessed in textile spinning machinery. In 2010-11, Pakistan imported textile spinning machines worth Rs. 4.168 billion as against imports of Rs. 1.296 billion during a year ago period, showing a sharp growth of more than 221 percent year-on-year.

The imports of spinning machines spindles grew from Rs. 226 million in 2009-10 to Rs. 366 million last fiscal, thus registering a rise of nearly 62 percent.

Similarly, the imports of spinning rings increased from Rs. 278 million in 2009-10 to Rs. 293 million in 2010-11, posting a 5 percent growth.

However, the imports of simplex flyers and ring travelers declined during the period under review to Rs. 454 million from Rs. 466 million during the year ago period.

Fibre2fashion News Desk - India

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