Gold imports surge 31.87% in July-January (2012-13)

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Gold imports during the first seven months of the current fiscal year surged by 31.87 percent against the same period, last year. According to data revealed by Pakistan Bureau of Statistics (PBS), the precious metal weighing 2,282 kilogrammes worth $123.382 million was imported during the period under review compared to imports of 1,741 kilogrammes valuing $93.561 million during the same period last year (2011-12).
On month on month basis, gold imports in January 2013 registered an increase of 63.32 percent against January 2012 and recorded a decrease of 66.46 percent when compared to imports of December 2012.
Gold imports in January 2013 stood at $12.196 million against imports of $7.459 million and $36.373 million in January 2012 and December 2012 respectively.
The overall imports of metal group, registered an increase of 11.91 percent during July-January (2012-13) against the same period last year.
Metal imports during the period under review were recorded at $1.813 billion against imports of $1.62 billion during the same period last year.
Imports of iron and steel scrap registered a growth of 17.28 percent during July-January (2012-13) compared to imports during July-January (2011-12).
Iron and steel scrap imports into the country were recorded at $394.134 million during the first seven months of the current fiscal year against imports of $336.11 million during the same period last year.