Pakistan's gold imports declined by 47.79% during the first eleven months of the current fiscal year compared to the same period last year, according to data released by the Pakistan Bureau of Statistics (PBS).
Sharp Decline in Value and Volume
Gold imports from July to May 2025-26 were recorded at $16.090 million, down from $30.817 million during July-May 2024-25. In terms of quantity, Pakistan imported 306 kilograms of gold during the period under review, compared to 391 kilograms last year, reflecting a decline of 21.65%.
Year-on-Year Surge in May 2026
On a year-on-year basis, gold imports surged 228.38% in May 2026, reaching $3.044 million compared to $0.927 million in May 2025. Quantity increased by 125.93%, from 9 kilograms to 20 kilograms.
Month-on-Month Growth
Compared to April 2026, gold imports in May 2026 rose 28.33% from $2.372 million. Quantity increased by 35.56%, from 15 kilograms to 20 kilograms.
Context and Implications
The overall decline in gold imports during the first eleven months suggests reduced demand or tighter foreign exchange reserves, while the sharp monthly and yearly increases in May may indicate seasonal or market-driven shifts. The PBS data remains a key indicator for Pakistan's trade balance and bullion market trends.
