The mobile phones import declined by 66% during the first five months (July-November) of the current fiscal year, FY23. Mobile phones worth $290.570 million were imported as compared to $856.730 million during the same period of last year.

Mobile Phones Import Posted a Negative Trend

According to the data shared by the Pakistan Bureau of Statistics, mobile phone imports saw a negative trend of 1.92% on a month-on-month (MoM) basis, as the imports stood at $64.520 million in November 2022 when compared to $65.780 million in October. On a year-on-year (YoY) basis, mobile phone imports registered 69.57 percent negative growth as compared to $212.058 million during the same month of last year. Moreover, the overall telecom imports into the country stood at $455.731 million during the first five months of the current fiscal year, hence registering a negative trend of 59.67 percent as compared to $1.130 billion during the same period of the last year.

Improvement in Local Manufacturing

The decline in mobile phones import is Attributed to the improvement in the local manufacturing as the incentives provided. The data shows that 0.39 million smartphones were manufactured in the country in October 2022 compared to 0.48 million in September. Also, 1.05 million 2G devices were manufactured in October 2022 in the country as compared to 0.61 million in September 2022, posting an increase of 72%. The data also revealed that 0.39 million smartphones were manufactured in the country in October 2022 as compared to 0.48 million in September. Moreover, 1.05 million 2G devices were manufactured in October 2022 in the country as compared to 0.61 million in September 2022, registering an increase of 72%.

Also read: PTA Suggests Import Tax Waiver on Personal Mobile Phones from Overseas

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