September 13, 2023
Economy Pakistan

Shocking Report Reveals Mobile Phone Imports to Pakistan on the Rise Despite Dwindling Reserves

Shocking Report Reveals Mobile Phone Imports to Pakistan on the Rise Despite Dwindling Reserves

According to the Pakistan Bureau of Statistics (PBS), mobile phone imports to Pakistan have grown by 12.04% in December 2022, despite the country’s dwindling reserves. Imports stood at $72.291 million in December, compared to $64.520 million in November. Despite this, overall mobile phone imports during the first half of the current fiscal year (July-December 2022) have seen a negative growth of 66.73%, standing at $362.862 million, compared to $1.090 billion during the same period last year.

On a year-on-year basis, mobile phone imports saw a negative growth of 69.10% in December 2022, compared to $233.917 million in December 2021. Overall telecom imports, which include mobile phones, saw a negative growth of 60.24% during the first half of the current fiscal year, standing at $565.896 million, compared to $1.423 billion during the same period last year.

On a year-on-year basis, overall telecom imports saw a negative growth of 62.43% in December 2022, standing at $110.165 million, compared to $293.193 million in December 2021. Additionally, other apparatus imports, which includes equipment other than mobile phones and telecoms, saw a negative growth of 38.97% during the first half of the current fiscal year, standing at $203.035 million, compared to $323.656 million during the same period last year.

Leave a Reply

Your email address will not be published. Required fields are marked *