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Pakistan’s Petroleum Imports Remain Stagnant in 11 Months of FY24
Pakistan’s petroleum group imports witnessed a negative growth of 0.28 percent during the first eleven months (July-May) of the current fiscal year 2023-24 and remained $15.338 billion compared to $15.382 billion during the same period of last fiscal year, says the Pakistan Bureau of Statistics (PBS). The data of exports and imports released by the PBS revealed that petroleum group imports in May 2024 remained at $1.577 billion compared to $1.676 billion in April and registered 5.90 percent negative growth while on a year-on-year (YoY) basis. However, they registered 12.09 percent growth when compared to $1.407 million in May 2023.…