Gold import falls 41.26pc in 7 months

The import of gold during first seven months of current fiscal year declined by 41.26 pc as compared to same period last year.

The gold import during the period under review recorded 248 kilo worth US $9.289 million against import of 425 kg valuing $15.813 million last year.
On yearly and monthly basis the import of yellow metal in January 2017 also witnessed a decline of 26.53 pc and 33.48 pc when compared with the import of January 2016 and December 2017, pointed out latest data of Pakistan Bureau of Statistics.The gold import decreased to $1.385 million in January 2017 from $1.885 million in January 2016 and $2.082 million in December 2016.

The gold import decreased to $1.385 million in January 2017 from $1.885 million in January 2016 and $2.082 million in December 2016.
The overall metal group import however increased by 4.25 pc in July-January (2016-17) to $2.356 billion from $2.26 billion in the same period of previous year.
Iron and steel scrap import also witnessed a decrease of 7.47 pc to $553.169 million in first seven months of current fiscal year from $597.833 million in July-January (2015-16).
The import of iron and steel  however rose to $1.154 billion in Jul-Jan (2016-17) from $1.083 billion in same period of preceding fiscal year thus showing an increase of 6.52 pc.
Aluminum wrought and work import decreased by 0.53 pc from $105.255 million in the corresponding period to $104.696 million.
On month-on-month and year-on-year basis the overall metal group import in January rose by 11.44 pc and 12.21 pc when compared with the import of January 2016 and December 2017.
Similarly the import of iron and steel scrap also increased to $112.327 million in January 2017 from $100.033 million in January 2016 and $100.664 million in December 2016, thus showing an increase of 12.29 pc and 11.59 pc respectively.
In addition iron and steel import in January 2017 increased by 6.33 pc and 14.47 pc when compared with the import recorded during January 2016 and December 2016 respectively.
The iron and steel import in January was recorded at $181.524 million while in January 2016 and December 2016 it was recorded at $170.715 million and $158.578 million respectively.

 

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