KARACHI (Our Staff Reporter): The gold import witnessed a sharp decline during the year 2014-15 as it decreased by 86.83 per cent from 4,265kgs during the period July-June (2013-14) to 578kgs in the year 2014-15. However, experts observed that gold demand will take rise in upcoming season and ultimately it will increase the import of gold. The gold import was recorded at $23.327 million during the period under review as compared to that of $177.131 million during same period of last year, according to a data released by the Pakistan Bureau of Statistics (PBS).

On month on month and year on year basis the gold import increased by 37.06 percent in June 2015 as against June 2014 whereas it decreased by 28.74 percent in the period under review as against May 2015.