Pakistan’s Gold imports recorded a sharp decline during the first 11 months of fiscal year 2025-26, according to the latest figures released by the Pakistan Bureau of Statistics (PBS).
The data shows that Gold imports fell by 47.79 percent during the July-May period compared with the same period of the previous fiscal year. The decline was seen in both import value and quantity.
During July-May FY2025-26, Pakistan imported Gold worth $16.09 million. In the corresponding period of FY2024-25, imports stood at $30.817 million. This indicates a significant reduction in spending on Gold imports over the year.
Import volumes also moved lower. Pakistan imported 306 kilograms of Gold during the first 11 months of the current fiscal year. During the same period last year, imports totaled 391 kilograms. This represents a decline of 21.65 percent in quantity terms.
While the overall fiscal year trend remained negative, recent monthly figures showed a strong recovery in import activity.
On a year-on-year basis, Gold imports increased significantly in May 2026. Import value rose to $3.044 million, compared with $927,000 recorded in May 2025. This reflects a growth of 228.38 percent over the same month last year.
The increase was also visible in import volumes. Pakistan imported 20 kilograms of Gold in May 2026, compared with 9 kilograms in May 2025. As a result, import quantity rose by 125.93 percent on an annual basis.
Monthly data also pointed to growing demand. In April 2026, Gold imports were valued at $2.372 million. The figure increased to $3.044 million in May 2026, showing a month-on-month rise of 28.33 percent.
Similarly, import volumes increased from 15 kilograms in April to 20 kilograms in May. This marked a 35.56 percent increase compared with the previous month.
The latest PBS figures highlight mixed trends in Pakistan’s Gold import sector. Overall imports remained lower during FY2025-26, reflecting a decline compared with last year. However, the sharp rise in May suggests stronger market activity and renewed import demand in recent months.
In other related news also read Huge Drop in Gold Prices in Pakistan
Analysts will continue to monitor future data to determine whether the recent increase signals a lasting recovery or a temporary rise in Gold imports.
