The import of gold in the country during the first four months (July-October) of the current fiscal year witnessed a decrease of 12.86 percent compared to the same period of the previous year.
During the period under review, 165 kilograms of gold worth $6.443 million was imported compared to 186-kilogram gold worth $7.394 million imported in July-October (2017-18), according to the latest data released by Pakistan Bureau of Statistics (PBS).
On a yearly basis, the import of gold increased by 4.55 percent as it increased from $1.737 million (44 kg) in October 2017 to $1.8 million (44 kg) in October this year.
Scrap Import
Meanwhile, the import of iron and steel scrap also decreased by 3.44 percent to $517.24 million in July-October 2018-19 against the import of $535.648 million in the same period of the previous year.
On a year on year basis, the import of iron and steel scrap declined by 13.73 percent as the import decreased to $105.01 million in October from $121.728 million in the same month of previous year.
Iron and Steel Import
On the contrary, the iron and steel import during the corresponding period witnessed an increase of 6.53 percent as it rose to $828.32 million from $777.52 million in the first four months of the year 2017-18.
Similarly, the iron and steel import witnessed a sharp increase of 39.75 percent as it rose to $254.76 million in the corresponding month against the import of $182.3 million in the same month of the year 2017.
No analysis on why it happened?