Gold import slumps to $11.961 million in 1HFY19

Pakistan's import of gold slumped to $11.961 million in July-Mar 2018-19, which is down by 21 percent, official figures say. Fall in the gold import now stands at $2.955 million in July-Mar 2018-19 from $14.916 million in July-Mar 2017-18, Pakistan Bureau of Statistics shows.
Import volume of gold also plunged by 32.38 percent or 118, 871 kilograms to 248,298 kilograms in July-Mar 2018-19 from 367,169 kilograms in July-Mar 2017-18. In Mar 2019, the country made $1.588 million of gold import, which is lower by 9 percent or $148,000 from $1.736 million in Mar 2018. Gold import stood at 38 kilograms in Mar 2019 against 42 kilograms in Mar 2018, down by 10 percent or 4 kilograms.