Gold imports fall 52 percent in 1st half of fiscal year 2021

ISLAMABAD – Pakistan Statistics Bureau (PBS) reported that gold imports to the country fell 52.17 percent in the first half of last year compared to the same period last year.

According to the data, gold imports to the country in the period of July-December (2020-21) were recorded as $ 4.385 million compared to the imports of 9.168 million in the period of July-December (2019-20). In terms of quantity, Pakistan imported only 72 kilograms of gold, down 68.14 percent compared to 226 kilograms last year in the period under review.

On an annual basis, gold imports to the country fell sharply 71.91 percent in December 2020 compared to December 2019 imports. Gold imports in December 2020, $ 1.725 million in December 2019. In terms of quantity, gold imports fell by 81.40 percent from 43 kilograms in December 2019 to just 8 kilograms in December 2020.

On a monthly basis, December 2020 gold imports were down 68 percent compared to the $ 1.527 million imports in November 2020, while on a quantity basis, imports were down 68 percent compared to imports in December 2020. 25 kilograms in November 2018. It would be appropriate to state here that the country’s commodity exports increased by 4.98 percent in the first half of the current fiscal year (2020-21) compared to the same period last year.

According to the latest PBS data, exports from the country in the period of July-December (2020-21) were recorded as $ 12.098 billion against exports of $ 11.524 billion between July-December (2019-20). Imports to the country during the period in question also rose 5.72 percent, from $ 23.195 billion last year to $ 24.521 billion in the first half of the current fiscal year.

According to the figures, the country’s trade deficit increased by 6.44 percent in the first half compared to the same period last year. The trade deficit in the first six months of the current fiscal year was recorded as $ 12.423 billion, against a deficit of $ 11.671 billion last year.

Updated: January 25, 2021 — 9:53 am

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