Gold imports drop 38.5pc in 11 months

ISLAMABAD: The import of gold into the country dipped by 38.56pc during the first eleven months of the current fiscal year (2018-19) as compared to the corresponding period of last year.

Pakistan imported gold worth $11.863 million during July-May 2018-19, as compared to the imports of $19.308 million during July-May 2017-18, according to the data released by the Pakistan Bureau of Statistics (PBS).

In terms of quantity, the imports of gold declined by 37.32pc, as the country imported 299kg of gold during the period under review as compared to the imports of 477kg during the last fiscal year.