Gold Imports Fall By 26.83% In 11 Months
Muhammad Irfan Published June 22, 2021 | 03:10 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 22nd Jun, 2021 ) :The gold imports decreased by 26.83 percent during the first eleven months of the current fiscal year as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported.
The gold imports during July-May (2020-21) were recorded at $8.508 million as compared to the imports of $11.627 million during July-May (2019-20), according to the data.
In terms of quantity, Pakistan imported 142 kilograms of gold during the period under review as compared to the imports of 275 kilograms last year, showing a decline of 48.36 percent.
Meanwhile, on year-on-year basis, the gold imports witnessed cent percent during the month of May 2021 as compared to the imports of Mary 2020. The gold imports during May 2021 were recorded at $1.579 million whereas there were no gold imports during May 2020.
On month-on-month basis, the gold imports during May 2021 increased by 58.82 percent as compared to the imports of $0.
It is pertinent to mention here that the overall merchandize exports from the country increased by 14.05 percent during the first eleven months of the current fiscal year (2020-21) as compared to the corresponding period of last year.
The exports of the country during July-May (2020-21) were recorded at $22.576 billion against the exports of $19.795 billion during July-May (2019-20), according to the latest PBS data.
The imports during the period under review also increased by 22.50 percent by growing from $40.849 billion last year to $50.039 billion during the first eleven months of current fiscal year.
Based on the figures, the country trade deficit increased by 30.44 percent during the period under review as compared to the corresponding period of last year. The trade deficit during the period was recorded at $27.463 billion against the deficit of $21.054 billion last year.
395/
Recent Stories
Army committed to dismantle terrorist groups, ensure protection of people: DG IS ..
"The New realme Note 50 Breaks Sales Records for The Month of April”
Vivo Y100 is Now Available in Pakistan with Color Changing Design & 80W FlashCha ..
Zero-tolerance policy to continue against overbilling: Mohsin Naqvi
Govt working to extend retirement age to 65 years: Finance Minister
Synergy Group wins big at the Effie Awards 2024
ICC Champions Trophy 2025: Indian board makes important statement
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 7 May 2024
Today Gold Rate in Pakistan 07 May 2024
Sharjah Animation Conference explores cross-cultural collaboration opportunities ..
Sharjah Public Library provides countless opportunities for young imaginations t ..
Sharjah Police launches 'Your belongings, your responsibility' awareness campaig ..
More Stories From Business
-
Prudent economic governance boosts investor’s confidence: Finance Minister
46 minutes ago -
Zero-tolerance policy to continue against overbilling: Mohsin Naqvi
1 hour ago -
Driver involved in road crash arrested
2 hours ago -
Shipping activity at Port Qasim
2 hours ago -
Gold rates dip by Rs 500 per tola to Rs 240,000
2 hours ago -
Exchange rates for currency notes
3 hours ago
-
Germany's trade surplus widens to $24B in March
3 hours ago -
Cotton grow campaign launched in Bahawalpur
4 hours ago -
Wheat flour price decreases, eggs rate surges
4 hours ago -
Tianjin's cross-border e-commerce trade reaches 1.1 bln USD in Q1
4 hours ago -
Turkish stock exchange opens week flat
4 hours ago -
Exchange rates for currency notes
6 hours ago