Pakistan petroleum import bill up 88pc

Pakistan’s import bill of petroleum products reached $2.532 billion during the first two months of the current fiscal year, which is up by over 88 per cent from last year’s figure of $1.344 billion, latest official data from the Federal Bureau of Statistics shows.

Though oil price in the international market dropped in recent months, Pakistan’s import bill is steadily on the rise, showing that there would remain a pressure on balance of payments.