Gold imports fall 22.79% to $8.97 million in FY21

Web DeskWeb Editor

26th Jul, 2021. 08:13 pm
Gold prices

ISLAMABAD: Pakistan’s gold imports decreases  22.79 per cent to $8.977 million during the fiscal year 2020/21, compared with the corresponding period of the last fiscal year, the Pakistan Bureau of Statistics (PBS) reported.

The gold imports during July-May 2019/20 stood at $11.627 million.

In terms of quantity, Pakistan imported 148 kilogrammes of gold during the period under review, compared with the imports of 275 kilogrammes last year, showing a decline of 46.18 per cent.

Meanwhile, on a year-on-year basis, the gold imports witnessed 100 per cent increase during June 2021, compared with the imports of June 2020. The gold imports during June 2021 were recorded at $0.467 million, whereas there were no gold imports during June 2020.

On a month-on-month basis, the gold imports during June 2021 decreased 69.83 per cent, compared with the imports of $1.580 million in May 2021.

The overall merchandise imports into the country increased 26.60 per cent during the fiscal year 2020/21, compared with the corresponding period of the last year. The imports during the year were recorded at $56.405 billion against the imports of $44.553 billion last year.

The exports from the country were recorded at $25.304 billion during the year, showing a growth of 18.28 per cent, compared with the exports of $21.394 billion last year.

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