Gold import falls by 77 percent in Pakistan: Pakistan Times

KARACHI: Gold imports in the country has almost come to end, following persistent gold price hikes in the global markets, while the February imports of gold as compared to January recorded a fall by 77 percent.

All Sindh Sarraf Jewellers Association (ASSJA) Sindh president, Haroon Rashid Chand said that 10 kilogrammes of gold worth Rs25 million was imported in February 2009 as against 43 kilogrammes in January 2009, which was valued at Rs96 million.

According to available data, the February 2009 gold import as compared to February 2008 imports of 164 kilogrammes showed a decline of 90 percent.

He said that gold imports in the first eight months of the current fiscal year falling by 29 percent aggregated to 480 kilogrammes valued at $1.08 billion, while in the same period previous year it was 672 kilogrammes valued $89.8 million.

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