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Mobile phones imports in Pakistan witnessed a decline of over 10% in last fiscal year

Mobile phones imports in Pakistan witnessed a decline of over 10% in last fiscal year

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Mobile phones imports saw a decline of 10.87% in the last fiscal year (July-June) 2018-2019 and stayed at $755.545 million compared to $847.654 million during the same time period of 2017-2018. The cell phone imports in June 2019 were $57.733 million, which is a 34.18% negative growth as compared to $87.717 million imports previously in June 2018, as reported by Business Recorder.

As revealed by the Pakistan Bureau of Statistics (PBS), the revenue figure last month for mobile imports was 12.27% lower as compared to the $65.81 million in May 2019. The imports witnessed a phenomenal hike of 19.44% in the fiscal year 2017-18 as it remained $847.654 million as compared to $709.690 million during the same time period pf 2016-17.

During the period of July-June (2018-19), the overall imports saw a decline of 10.07% as compared to the same period of 2017-18. Total imports were registered at $1.379 billion during 2018-19 which is a 25.14% negative growth as compared to $1.534 billion in June-July (2017-18). This figure was registered at $103.234 million in June 2019 as compared to $119.588 million during May 2019. Overall telecom imports were registered at $1.534 billion during 2017-18 as compared to $1.351 billion in 2016-17.

Meanwhile, the other telecom apparatus imports saw a decline of over 9.08% in July-June (2018-19) as they were registered at $624.115 million compared to $686.432 million during the same period of 2017-18. Comparing with the figure from May 2019, other telecom apparatus imports recorded 15.39% negative growth in June as they were $45.501 million compared to $50.191 million in May 2019.