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Gold imports reach $346.255m in FY2012-13

Gold imports reach $346.255m in FY2012-13

LAHORE: The gold imports during fiscal year 2012-13 surged by 101.69 percent as against the same period of last year.

According to data revealed by Pakistan Bureau of Statistics (PBS), during the period under review, 6,745 kilogram of yellow metal worth of US$ 346.255 million was imported as compared to the import of 3,267 kg valuing $171.674 million during the year 2011-12.

On month on month basis the gold imports in June 2013 registered an increase of 176.17 percent and decrease of 42.03 percent when compared to the imports in June, 2012 and May, 2013 respectively.

Gold imports in June 2013 stood at $40.252 million against the imports of $14.575 million in June 2012 and $69.439 million in May 2013 respectively.

The overall imports of metal group, registered an increase of 18.17 per cent during the year 2012-13 against the same period of last year.

The metal imports in to the country during the period under review were recorded at $3.23 billion against imports of $2.82 billion during same period of last year.

On month on month basis, the metal group imports in June 2013 increased by 8.72 percent and decreased by 11.18 percent when compared to the imports in June, 2012 and May 2013 respectively.

The imports of the metal group in to the country increased from $288.042 million in June 2012 to $313.148 million in June 2013 while in May 2013 it remained $352.562 million.

Imports of iron and steel scrap registered a growth of 19.34 percent during July-June (2012-13) as compared to the imports during July-June (2011-12).

Iron and steel scrap imports into the country were recorded at $654.091 million during the year 2012-13 against imports of $548.093 million during same period of last year.

Imports of iron and steel went up by 15.44 percent by growing from $1.34 billion during last year to $1.611 billion this year whereas the imports of aluminum wrought and worked decreased by 0.88 percent by going down from $125.16 million to $124.081 million.

The imports of all other metal and articles were recorded at $601.417 million during the period under review against the imports of $583.277 million in last year posting a growth of 3.11 percent.