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3,249kg gold imported during July

3,249kg gold imported during July

LAHORE: During the first month of current fiscal year, about 3,249 kilogram of gold worth of $134.92 million was imported which showed an increase of 1,119.88 per cent against the same period of last year.

According to Pakistan Bureau of Statistics (PBS) data, about 199kg of gold worth $11.06 million was imported in July 2012. The import of gold also increased by 235.19kg as compared to the imports worth of $40.252 million during June 2013.

The overall imports of metal group registered an increase of 49.39 per cent and 5.88 per cent during first month of the year 2013-14, when compared to July 2012 and June 2013 respectively.

The metal imports into the country during the period under review were recorded at $331.574 million against $221.957 million during July 2012 and $313.148 million in June 2013.

Similarly imports of iron and steel scrap registered a growth of 0.87 per cent and 15.94 per cent during July 2013 as compared to those during July 2012 and June 2013 respectively.

The imports of iron and steel decreased by 6.51 per cent and 50.01 per cent as compared to July 2012 and June 2013 respectively. The imports decreased from $86.357 million during July 2012 and $164.618 million in June 2013 to $80.736 million during July 2013.

The imports of aluminium wrought and worked during July 2013 decreased by 6.8 per cent and 15.35 per cent during July 2012 and June 2013 respectively. The aluminium wrought and worked imports during first month of current fiscal year stood at $9.445 million, whereas it was recorded at $10.134 million and $11.158 million during July 2012 and June 2013 respectively.