HomeBusiness100% increase in import despite mobile phones being produced locally in the...

100% increase in import despite mobile phones being produced locally in the country

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

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

The Asian Development Bank 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 imported a total of one billion 148.4 million dollars worth of about mobile phones and accessories while Mobile Phones worth $447.8 million were imported during the same period of the previous fiscal year.
Therefore, more than 100 percent increase in the importation of mobile phones was recorded this year.

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

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