ISLAMABAD: The gold imports into the country decreased by 52.17 percentduring the first half of the current fiscal year as compared to thecorresponding period of last year, Pakistan Bureau of Statistics (PBS)reported.
The gold imports during July-December (2020-21) were recorded at $4.385million as compared to the imports of $9.168 million during July-December(2019-20), the data revealed.
In terms of quantity, Pakistan imported just 72 kilograms of gold duringthe period under review as compared to the imports of 226 kilograms lastyear, showing a decline of 68.14 percent.
On year-on-year basis, the gold imports into the country witnessed sharpdecline of 71.91 percent during the month of December 2020 as compared tothe imports of December 2019. The gold imports during December 2020 wererecorded at $0.494 million against the imports of $1.725 million inDecember 2019.
In terms of quantity, the gold imports decreased by 81.40 percent from 43kilograms during December 2019 to imports of just 8 kilograms in December2020.
On month-on-month basis, the gold imports during December 2020 decreased by68 percent when compared to the imports of $1.527 million in November 2020while in terms of quantity, the imports decreased by 68 percent in December2020 when compared to the imports of 25 kilogram in November 2018.
It is pertinent to mention here that the country’s merchandize exportsincreased by 4.98 percent during the first half of the current fiscal year(2020-21) as compared to the corresponding period of last year.
Read Top Stories
The exports from the country during July-December (2020-21) were recordedat $12.098 billion against the exports of $11.524 billion duringJuly-December (2019-20), according to the latest PBS data.
The imports into the country during the period under review also increasedby 5.72 percent by growing from $23.195 billion last year to $24.521billion during the first half of current fiscal year.
Based on the figures, the country’s trade deficit increased by 6.44 percentduring the first half compared to the corresponding period of last year.
The trade deficit during the first six months of the current fiscal yearwas recorded at $12.423 billion against the deficit of $11.671 billion lastyear.
