Precious Metal: Gold import falls 21%

ISLAMABAD: The import of gold into the country has fallen 20.99% to $109.6 million during the financial year 2010-11 against import of $136.8 million the corresponding period of last year, according to Federal Bureau of Statistics (FBS) data. In quantity, as much as 2,816 kg of gold was imported during the period under review against the import of 4,779 kg, showing a decrease of 41.08% against last year. Gold imports into the country fell by 36.67% and 17.35% in June 2011 against the imports of May 2011 and June 2010, respectively. Gold imports in June 2011 stood at $5.97 million against imports of $9.42 million in May 2011 and $7.22 million in June 2010.

Published in The Express Tribune, August 5^th, 2011.