Home Tech & Telecom Pakistan Spends Rs. 68 Billion on Mobile Phone Imports in Three Months

Pakistan Spends Rs. 68 Billion on Mobile Phone Imports in Three Months

by Hameed

During the first quarter of the fiscal year 2024-25 (July-September), Pakistan’s mobile phone imports amounted to $246.472 million, showing a sharp decrease of 18.93% from $304.029 million in the same period of the previous year. In terms of local currency, this decline was even steeper, with imports falling by 22.86% to Rs68.612 billion, down from Rs88.945 billion in the previous fiscal year.

Interestingly, despite the overall reduction in imports, September saw a significant increase in month-on-month imports, rising by 29.32% to reach $102.629 million. However, this figure still represents a drop of 17.62% compared to the $124.576 million worth of mobile phones imported in September 2023.

Telecom imports as a whole reached $374.410 million for the quarter, which was a 6.17% decrease from the corresponding period last year. This decline in imports is contrasted by a boom in domestic mobile phone production.

From January to August 2024, local manufacturing saw a significant rise, with 20.44 million handsets produced in Pakistan, demonstrating the country’s growing capacity to meet domestic demand through local production.

This trend suggests a positive shift towards self-reliance in the telecom sector, despite external economic pressures.

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