Gold imports fall by 21pc

ISLAMABAD: The imports of gold into the country witnessed fall of 20.99 percent during the fiscal year 2010-11, as against the imports of the corresponding period of last year.

Gold imports into the country stood at $109.646 million during July-June (2010-11) against the imports of $136.767 million in July-June (2009-10), according to Federal Bureau of Statistics (FBS) data.

In quantity, as much as 2,816 kilograms of gold were imported during the period under review against the imports of 4,779 kilograms, showing a decrease of 41.08 percent against last year.

Gold imports into the country fell by 36.67 percent and 17.35 percent in June 2011 against the imports of May 2011 and June 2010, respectively.

Gold imports in June 2011 stood at $5.968 million against the imports of $9.424 million in May 2011 and $7.221 million in June 2010. In terms of quantity, gold imports during June 2011 stood at 125 kilograms against the imports of 210 kilograms in May 2011 and 228 kilograms in June 2010, showing a fall of 40.48 percent and 15.18 percent against May 2011 and June 2010 respectively, the data revealed.

The overall imports of metal group during the fiscal year 2010-11 stood at $ 2.571 billion as against the imports of $ 2.604 billion, witnessing negative growth of 1.30 percent.

Among other metals, the imports of iron and steel scrap declined by 0.15 percent while the import s of aluminium wrought and worked decreased by 1.28 percent.

The imports of other metals and articles, however, increased by 16.05 percent during the period under review.

The overall metal imports in June 2010 witness fall 6.67 of percent and 14.43 percent against imports of May 2011 and June 2010 respectively.

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