Import of gold down by 12.8pc in four months

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ISLAMABAD: The import of gold in the country during the first four months (July-October) of the current fiscal year witnessed a decrease of 12.86 per cent as compared to the same period of the previous year.

During the period under review, 165kg gold, worth $6.443 million, was imported against the import of 186kg gold, worth $7.394 million, in July-October 2017-18, according to the latest data released by Pakistan Bureau of Statistics (PBS).

On yearly basis, the import of gold increased by 4.55 per cent as it went up from $1.737 million in October 2017 to $1.8 million in October this year.

Meanwhile, the import of iron and steel scrap also decreased by 3.44 per cent to $517.24 million in July-October 2018-19 against the import of $535.648 million in the same period of the previous year.

On the contrary, the iron and steel import during the corresponding period witnessed an increase of 6.53 per cent as it rose to $828.32 million from $777.52 million in first four months of the year 2017-18.

On yearly basis, the import of iron and steel scrap declined by 13.73 per cent as the import went down to $105.01 million in October from $121.728 million in the same month of previous year.

The iron and steel import witnessed a sharp increase of 39.75 per cent as it rose to $254.76 million in the corresponding month against the import of $182.3 million in the same month of the year 2017.

 

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