Gold imports decline 73pc in Q1

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Islamabad

The imports of gold into the country witnessed decline of 73.04 percent during the first quarter (Q1) of the current fiscal year as compared to the corresponding period of last year.
The gold imports during July-September (2020-21) were recorded at $1.206 million against the imports of $4.474 million during July-September (2019-20), showing negative growth of 73.04 percent, according to the latest data of Pakistan Bureau of Statistics (PBS).
In terms of quantity, the gold imports shrunk by 82.30 percent by falling from 113 kilograms last year to 20 kilograms during the period under review. Meanwhile, on year-on-year basis, the gold imports into the country increased by 2.12 percent in September 2020 when compared to the imports of September 2019. The gold imports during September 2020 were recorded at $1.206 million against the imports of $1.181 million in September 2019.—APP

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