HomeBusinessA 100% increase in imports even though mobile phones are produced locally...

A 100% increase in imports even though mobile phones are produced locally in the country

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ISLAMABAD: Despite the local production of mobile phones in the country, the import of mobile phones has increased by more than 100 percent during the current financial year.

Statistics show that iPad and smartphone users in Pakistan prefer to buy mobile phones that are imported from abroad.

The Asian Development Bank has released an important report on inflation in 2024

According to the data released by the Federal Bureau of Statistics, during the first 8 months of the current financial year (July to February 2023-24), Pakistan has imported a total of one billion 148.4 million dollars of mobile phones and accessories while Mobile imported phones worth $447.8 million during the same period of the last financial year.
Thus, an increase of more than 100 percent was recorded in the import of mobile phones this year.

It should be noted that the volume of imported mobile phones in Pakistani currency is about 326 billion rupees, mobile phones worth 1 billion 148.4 million dollars have been imported during the current financial year.

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