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Gold imports turn down by 48.10% in three quarters

ISLAMABAD: The gold imports fall by 48.10 percent during the first three quarters of the current fiscal year as compared to the corresponding period of last year according to Pakistan Bureau of Statistics (PBS).

Pakistan had recorded gold imports during July-March (2020-21) at $5.947 million as compared to the $11.459 million gold imported in the last fiscal year. In terms of quantity, Pakistan imported 98 kilograms of gold during the period as compared to the imports of 272 kilograms last year, showing a decline of 63.97%.


On year-on-year basis: on a year-on-year basis, the gold imports into the country witnessed an increase of 135.69% during the month of March 2021 as compared to March 2020. The gold imports during March 2021 were recorded at $0.634 million against the imports of $0.269 million in March 2020.

In terms of quantity, the gold imports increased by 120 percent from 5 kilograms during March 2020 to imports of just 11 kilograms in March 2021.

On month-on-month basis: The gold imports during March 2021 increased by 9.12 percent as compared to the imports of $0.581 million in February 2021.

In terms of quantity, the imports increased by 10 percent in March 2021 when compared to the imports of 10 kilogram in February 2021.

Overall import and export of merchandise:

It is necessary to mention here that the country’s merchandise imports during the first three quarters increased by 13.57% by growing from $34.791 billion last year to $39.512 billion during the current fiscal year.

On the other hand, the exports also increased by 7.12%, to $18.685 billion against the exports of $17.443 billion in 2020.

 

 

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