Metal imports during September diminish by 18.6%

News Image

MG News | October 17, 2018 at 12:59 PM GMT+05:00

October 17, 2018 (MLN): Pakistan’s metal import bills during September 2018 have lightened by 18.66% over the previous month as they shrunk down from $467.9 million in August 2018, to $380.6 million, according to an official data report published by Pakistan bureau of statistics (PBS).

Compared to the parallel period of previous year, the value of metal imports has come down by a much smaller margin of 1%. Meanwhile, a look at cumulative figures for the complete quarter tells us that metal imports compared to the first quarter of prior fiscal year have reduced marginally by 2.4%

Within the group, Aluminum Wrought and Wori witnessed the largest decline in imports over the month, as they dropped from an import value of almost $22 million to $17 million. On a year-on-year basis however, the imports of this specific metal has increased significantly by 33%, while its collective imports throughout the quarter have risen by 24% over the year.

Similarly, imports of iron and steel have reduced by almost 18% over the month and 2.5% over the year while its imports through the quarter have diluted by 3.6%.

On the contrary, Gold imports over the month have shown a substantial growth in terms of percentage as they elevated to imports worth $1.9 million during the month, marking a rise of around 61%. However, a comparatively smaller absolute change puts across an impression of a low base effect.

Against September 2017, gold import bills have leapt by around 70% however during the quarter the imports have diminished by 18%.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 171,725.29
261.56M
2.31%
3881.05
ALLSHR 103,214.49
498.64M
2.00%
2024.02
KSE30 51,517.14
135.33M
2.40%
1209.13
KMI30 246,565.71
111.44M
2.29%
5524.54
KMIALLSHR 67,042.77
274.55M
1.94%
1273.86
BKTi 47,299.71
43.26M
3.04%
1394.54
OGTi 36,341.37
10.64M
2.20%
783.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,725.00 77,785.00
76,105.00
1950.00
2.57%
BRENT CRUDE 98.17 100.73
96.90
-5.37
-5.19%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-8.75
-7.37%
ROTTERDAM COAL MONTHLY 113.00 0.00
0.00
0.30
0.27%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 91.41 93.90
90.32
-5.19
-5.37%
SUGAR #11 WORLD 14.68 14.91
14.59
-0.22
-1.48%

Chart of the Day


Latest News
May 25, 2026 at 06:03 PM GMT+05:00

UAE, UN deepen ties on energy, water agenda


May 25, 2026 at 05:13 PM GMT+05:00

Pakistan pushes export drive in China


May 25, 2026 at 04:25 PM GMT+05:00

PKR maintains upward momentum vs USD


May 25, 2026 at 04:18 PM GMT+05:00

FPRM acquires 60% stake in AML/CFT Screening Solution



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg