Gold import rises by 86.02 percent

The country's import of gold shot up by 86.02 percent to $4.498 million in July-Aug of fiscal year 2018, official figures said. Increase in gold import stands at $2.08 million in July-Aug this fiscal year from $2.418 million in July-Aug of fiscal year 2017, Pakistan Bureau of Statistics said.
In term of quantity, gold import surged by 80 percent or 52 kilograms to 117 kilograms in July-Aug of current fiscal year from 65 kilograms in July-Aug last fiscal year. In Aug 2017, gold import mounted to $2.402 million from $1.152 million in Aug 2016, up by 109 percent or $1.25 million. Import volume of gold soared by 100 percent or 31 kilograms to 62 kilograms in Aug 2017 from 31 kilograms in Aug 2016, official figures said.