Karachi, May 17, 2025 – Pakistan has witnessed a substantial increase in its gold import, with official figures showing a 75% rise during the first ten months (July–April) of the fiscal year 2024–25 compared to the same period last year.
According to the latest statistics released by the Pakistan Bureau of Statistics (PBS), Pakistan imported gold worth $29.89 million during July to April FY25, significantly up from $17.03 million reported in the same period of the previous fiscal year. This sharp increase is attributed to a rise in both the value and volume of gold imports amid fluctuating international prices and domestic demand.
In volume terms, Pakistan imported 382 kilograms of gold in the ten-month period, up from 262 kilograms in the corresponding months of FY24, reflecting a growing local appetite for the precious metal despite global economic uncertainty.
When measured in Pakistani rupees, the import value surged by 71%, totaling Rs8.33 billion during the period under review, compared to Rs4.88 billion in the same months of the last fiscal year. The depreciation of the rupee and the upward trend in international gold prices have amplified the import bill for Pakistan, further impacting the country’s trade dynamics.
Analysts say the increase in gold imports may also be linked to speculative buying, hedging against inflation, and investor concerns over geopolitical tensions in global markets. Gold has long been considered a safe-haven asset, and its demand typically surges during periods of uncertainty.
Despite the overall rise, Pakistan reported a 31% month-on-month decline in gold imports in April 2025. Imports dropped to $1.52 million in April from $2.19 million in March, while the quantity fell to 14 kilograms from 22 kilograms. This decrease was likely triggered by the surge in gold prices, which reached near-record highs in April due to ongoing international conflicts and economic volatility.
Experts caution that while gold may offer a financial cushion, unchecked imports could widen Pakistan’s trade deficit if not balanced with exports and foreign exchange reserves.