Pakistan’s gold import surges by 21.34pc in 10 months

ISLAMABAD (APP) – Pakistan gold imports increased by 21.34 percent during the first 10 months of the current fiscal year (2015-16), compared to the same period during the previous financial year.

582 kilograms of gold worth $21.634 million was imported during July April (2015-16) while only 443 kg of gold worth $17.829 million was imported in the corresponding period last year.

On the other hand, overall metal group imports also increased by 11.47 percent to $3.361 billion in the first 10 months of current fiscal year, up from $3.015 billion in same period last year, according to the latest data published by the Pakistan Bureau of Statistics (PBS).

The import of iron and steel scrap also witnessed an increase of 2.8 percent from $847.587 million last year to $871.335 million during the current year.

Similarly iron and steel import increased from $1.487 billion last year to $1.654 billion this year, marking an increase of 11.17 percent.

The import of aluminum, both wrought and worked, jumped by 35.12 percent to $158.173 million in July April (2015-16) from $117.063 million during July April (2014-15).