Metal Group imports reduce by 20.90% in Jul-Oct FY20

November 29, 2019: Metal Group imports reduced by 20.90% during the Jul-Oct FY20 as compared to the corresponding period last fiscal year.

According to the data released by the Pakistan Bureau of Statistics, Metal Group imports came down from $ 1.75 billion in first four months of last financial year to  $1.39 billion of the same period of the current financial year.

During the period from July-October 2019, imports of gold reduced by 6.72% worth $5.6 million imported as compared to the imports valuing $6.05 million of the same period of last year.

Meanwhile, aluminum wrought imports decreased by 39.92%, to $47.21 million as compared to the imports of valuing $78.58 million of the corresponding period of last year.

During the period under review, iron and steel imports also came down by 38.23%, valued at $511 million as compared the imports worth $828 million of the same period of last year.