ISLAMABAD – The gold imports into the country increased by 24.28 percentduring the fiscal year 2017-18against the imports of the corresponding period of last year, PakistanBureau of Statistics (PBS) reported.
Pakistan imported gold worth $20.713 million during July-June (2017-18)against the imports of $16.667 million in July-June (2016-17), showinggrowth of 24.28 percent, according to latest PBS trade data.
In terms of quantity, Pakistan imported 509 kilograms of gold during theperiod under review compared to the imports of 440 kilograms during lastyear, showing an increase of 15.68 percent.
Meanwhile, on year-on-year basis, the gold imports into the countryincreased by 86.70 percent in June 2018 compared to same month of last year.
The gold imports in June 2018 were recorded at $1.404 millio against theimports of $0.752 million.
On month-on-month basis, the gold imports into the country, howeverwitnessed negative growth of 34.62 percent in June 2018 when compared tothe imports of $2.131 million in May 2018, the PBS data revealed.
It is pertinent to mention here that overall merchandize imports into thecountry increased by 15.10 percent during the fiscal year 2017-18 ascompared to the previous fiscal year (2016-17). The imports duringFY2017-18 were recorded at $60.898 billion as compared to the imports of$52.910 billion in FY 2016-17.
On the other hand, the exports from the country surged by 13.74 percentduring the period under review. The exports from the country were recordedat $23.228 billion against the exports of $20.422 billion last year.
Based on the figures, the external trade deficit during the outgoing fiscalyear 2017-18 increased by 15.95 compared to last year. The trade deficitduring FY 2017-18 was recorded at $ 37.670 billion against the deficit of$32.488 billion in FY 2016-17. – APP