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.