Gold import down by 50 percent

Pakistan imported $174.769 million of gold last fiscal year 2015-16, down by 50 percent, official figures suggest. Gold import fall stands at $171.491 million last fiscal year as compared to the precious metal import of $346.260 million in 2014-15, Pakistan Bureau of Statistics says. Import volume of gold reduced to 36.26 percent or 2402 kilograms to 4,222 kilograms last fiscal year from 6624 kilograms in 2014-15.
In June 2016, gold import plummeted by 96 percent or $38.529 million to $1.726 million from $40.255 million in 2015. In term of quantity, gold import in June 2016 receded by 95.16 percent or 842 kilograms to 43 kilograms from 885 kilograms in 2015.