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foreign sector. The foreign sector then buys exports based goods produced by the domestic business sector.

Imports are those goods and services that are purchased from outside the country. For example, USA buys a lot of products from other countries that include bananas, coffee, cars, chocolate and computers. Imports & exports are usually combined into a single term called, net exports (export minus imports or X - M).

Imports are usually determined by the level and dynamics of domestic income and of each GDP tools (consumption, exports, investment, expenditure) as differentiated determinants of imports price competitiveness of local production, generally influenced by the exchange rate level & changing’s as well as by differences in the inflation among a country and foreign countries, non-price competitiveness of local production, i.e. as far as quality of product, scientific improvements, plan, improvements are concerned, national behavior in the direction of foreign goods and services, change in local scheme of demand and supply, with the association of supply chains and the possession of delivery channels, past linkages with certain origin countries and structural tends towards economic integration with other countries.

The first variable on which imports apply an impact is the trade balances i.e. the variation amid the exports and the imports. If the imports slip a domestic production, this will involve a decline in that particular sector’s production, value added and employment as a result domestic firms will also lower their instructions to local distributor, accordingly other sectors will be affected. If imports entirely hack down the domestic production in specific areas, entire industries will not develop. Imports can have a strong impact on price and quality of local production, substitute as a brake for the inflation, as a confront for both managers as well as for producers in particular, as a supply for domestic downstream productions. Imports can be particularly taxed with tariffs and duties, providing revenue for the country, its activities and expenses. Confined with prohibitively increased tariffs & duties, local industrialists might keep themselves away from using new technologies and better organization models, thus becoming unfit to world competition.

Pakistan imports were 3757 million in April of 2012. Historically from the period 2003 to 2012 Pakistan imports averaged 2347.83 million USD and approaching the all time high at 3757 million American dollars during April 2012 and a record minimum of 918.7 million USD in February of 2003. Major imports of Pakistan include petroleum, machinery, transportation equipment, plastics edible oils, and paper and paperboard, iron steel and tea. The value of fuel imports in Pakistan was 30.49 % in the year 2010. As over the past 5 decades this indicator reached a maximum value of 33.29 in 2000 and a minimum value of 3.32 in 1965. The value for commercial service imports in Pakistan was $6481000000 in the year 2010. As over the past 4 decades this indicator reached a maximum value of 9286000000 in 2008 and minimum value of 372055199 in 1976.

Problem Statement

The objective of my study is:

To measure the contribution of oil and commercial services in total imports.

To analyze of impact of increasing imports on the economy.

To find out reas