Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

Import of gold down by 12.86% in Jul-Oct

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

November 26, 2018: The import of gold in the country during the first four months (July-October) of current fiscal year witnessed a decrease of 12.86 percent as compared to same period of previous year.

During the period under review, 65 kilogram of gold worth 6.443 million was imported against the import of 186 kilogram gold worth $7.394 million in July-October (2017-18), a latest data released by Pakistan Bureau of Statistics (PBS) said.

On yearly basis, the import of gold increased by 4.55 percent as it increased from $1.737 million (44 kg) in October 2017 to $1.8 million (44 kg) in October this year.

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

On the contrary, the iron and steel import during the corresponding period witnessed an increase of 6.53 percent 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 percent as the import decreased to $105.01 million in October from $121.728 million in same month of previous year.

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

Posted on: 2018-11-26T16:41:00+05:00

24432