The import of iron and steel during first four months of current fiscal year witnessed an increase of 6.53 percent as it rose to $828.32 million against the import worth of $777.52 million during July-October 2017-18.
On year-on-year basis, the iron and steel import witnessed a sharp increase of 39.75 percent to $254.76 million in October 2018 as compared to the import of $182.3 million in same month of the year 2017, according to a latest data released by Pakistan Bureau of Statistics (PBS).
The import of iron and steel scrap decreased by 3.44 percent to $517.24 million in July-October 2018-19 against the import of 535.648 million in same period of previous year. On yearly basis, the import of iron and steel scrap declined by 13.73 percent as the import decreased to $105.01 million in October from $121.728 million in same month of previous year.
Meanwhile, the import of gold in the country during the first four months (July-October) of current fiscal year witnessed a decrease of 12.86 percent as compared to same period of previous year. During the period under review, 65 kilogram of yellow metal worth of 6.443 million was imported against the import of 186 kilogram gold worth $7.394 million in July-October (2017-18).
On yearly basis, the import of gold increased by 4.55 percent as it increased from US $1.737 million (44 kg) in October 2017 to $1.8 million (44 kg) in October this year.