Pakistan’s mobile phone imports have surpassed Rs 458.472 billion in the first 11 months of the current fiscal year 2023-24, marking a significant increase of 277.37 per cent compared to the same period last year ¹ ².
In dollar terms, the country imported mobile phones worth $1.621 billion during the first 11 months (July-May) of FY24, registering growth of 213.97 per cent compared to $516.488 million during the same period of the last fiscal year ¹ ².
The substantial increase in mobile phone imports reflects the growing demand for advanced communication technology and the increasing connectivity needs of the Pakistani populace ³.
It also signals the potential for further advancements in the mobile technology sector, which is set to play a pivotal role in Pakistan’s digital evolution ³.The surge in mobile phone imports can be attributed to the heightened demand across various sectors, including agriculture, office, electrical, and telecom machinery ⁴.
However, the report also highlights declines in specific machinery imports, notably in power generation, textiles, and construction machinery ⁴. Despite the overall increase in machinery imports, these declines may indicate shifts in industrial priorities or market dynamics within these sectors ⁴.
