Islamabad, July 21, 2025 – Pakistan witnessed a substantial surge in gold import during the fiscal year 2024-25, according to the latest figures released by the Pakistan Bureau of Statistics (PBS).
The country’s gold import jumped by an impressive 81%, reaching $31 million, compared to $17 million in the previous fiscal year.
This sharp increase in gold import value is attributed to the global rise in gold prices, driven by a series of international and regional developments. Experts noted that tariff policies introduced by the US government created waves in global financial and commodity markets. Additionally, the ongoing conflict between Israel and Iran played a significant role in pushing gold prices higher, as investors turned to the precious metal as a safe-haven asset.
Interestingly, despite the rising prices, Pakistan also experienced a notable increase in the quantity of gold import. During FY25, the country imported 391 kilograms of gold, marking a 49% increase from 262 kilograms imported in the preceding fiscal year. This indicates that local demand for gold remains strong, with investors seeking financial security amid inflation and uncertainty.
Economic analysts believe that rising inflation at home and a volatile geopolitical environment encouraged people to turn towards gold as a reliable store of value. The public’s growing preference for physical assets like gold is a clear indicator of declining confidence in other investment avenues during turbulent times.
However, in an interesting twist, PBS data showed that gold import during June 2025 and June 2024 was recorded at zero. This anomaly suggests caution among traders and importers during the budget announcement month, as government policy changes can directly impact duties and tariffs on luxury and non-essential items, including gold.
Experts have urged policymakers to closely monitor trends in gold import, as excessive reliance on the import of precious metals can place additional pressure on foreign exchange reserves. Meanwhile, rising demand for gold reflects deeper economic sentiments, pointing toward the need for more stable fiscal policies and investor confidence-building measures.