Gold import increases 21.34% in 10 months

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Gold import falls 41.26% in 7 months

ISLAMABAD, May 27 (APP): 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 of 2.8 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 of 11.17 per cent.

The import of aluminum wrought and work jumped by 35.12 percent to $158.173 million in July-April (2015-16) from $117.063 million 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, 2015 and $1.558 million in March, 2016 to $2.064 million in April, 2016.

Likewise the import of overall metal group, also increased by 11.19 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.