Thursday, January 23rd 02:54 PM IST

Pakistan's Gold imports climb 92% Y/Y in Jul-Dec

# Pakistan Gold  # Gold Imports  # Gold Ban  # Imports  

In value terms, imports climbed by 45.33% to $161.6 million in the first half of 2013-14, compared to $111.19 million imported in the same period last year.

ISLAMABAD (BullionStreet): Pakistan's Gold imports climbed by 92% during the first six months of current fiscal year 2013-14, according to the latest data released by the Pakistan Bureau of Statistics (PBS).

According to PBS, the country imported 3,936 kilograms of gold during the first six months of this fiscal year, compared to 2042 kg imported in July-December 2012.

In value terms, imports climbed by 45.33% to $161.6 million in the first half of 2013-14, compared to $111.19 million imported in the same period last year.

Pakistan's gold imports in December 2013 recorded at 509 kg, advanced sharply from 41 kg a month earlier but down by 23.11% compared to 662 kg in December 2012.

The country has imposed a temporary ban on gold imports this week to curb a sharp rise in smuggling, and speculation in currency.

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