Iron and steel output increases 6.53 percent

The import of iron and steel amid initial four months of current monetary year saw an expansion of 6.53 percent as it rose to $828.32 million against the import worth of $777.52 million amid July-October 2017-18. On year-on-year premise, the iron and steel import saw a sharp increment of 39.75 percent to $254.76 million in October 2018 when contrasted with the import of $182.3 million in same month of the year 2017, as per a most recent information discharged by Pakistan Bureau of Statistics (PBS).

The import of iron and steel scrap diminished by 3.44 percent to $517.24 million in July-October 2018-19 against the import of 535.648 million in same time of earlier year. On yearly premise, the import of iron and steel scrap declined by 13.73 percent as the import diminished to $105.01 million in October from $121.728 million in same month of earlier year. Then, the import of gold in the nation amid the initial four months (July-October) of current monetary year saw a lessening of 12.86 percent when contrasted with same time of earlier year. Amid the period under survey, 65 kilogram of yellow metal worth of 6.443 million was transported in against the import of 186 kilogram gold worth $7.394 million in July-October (2017-18).  On yearly premise, the import of gold expanded by 4.55 percent as it expanded from US $1.737 million (44 kg) in October 2017 to $1.8 million (44 kg) in October this year.

• [Editor:janita]