Pakistan’s gold import increases 21.34% in 10 months

ISLAMABAD: The import of gold into the country increased by 21.34 per cent during first 10 months of current fiscal year (2015-16) as compared to the same period of previous financial year.

The 582 kilogram of yellow metal worth of US 21.634 million was imported during July April (2015-16) as compared to the import of 443 kg gold worth of 17.829 million during last year s 10 months.

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

The import of iron and steel scrap also witnessed increase of2.8 per cent 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 thus showing an increase of11.17 per cent.

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

On year on year and month on month basis the gold imports in April 2016 increased by 15.76 per cent and 32.48 per cent over April 2015 and March 2016 respectively.

The gold import increased from 1.783 million in April 2015and 1.558 million in March 2016 to 2.064 million in April 2016. Likewise the import of overall metal group also increased by11.19 per cent and 8.14 percent as compared to the import of April 2015 and March 2016 respectively.

The import of metal group was recorded at 399.163 million in April 2016 whereas during April 2015 and March 2016 it was recorded at 358.993 million and 369.109 million respectively.