Poor country? Pakistanis imported mobile phones worth Rs 400 billion in FY 2022

Poor country? Pakistanis imported mobile phones worth Rs 400 billion in FY 2022

Pakistan imported mobile phones worth $1.810 billion during the first ten months (July-April) of 2021-22 compared to $1.684 billion during the same period of last year, registering a growth of 7.43 percent, despite the increase in local manufacturing, according to the Pakistan Bureau of Statistics (PBS).

The overall telecom imports into the country during the period under review (July-April) 2021-22 increased by 14.05 percent going up from $2.116 billion in July-April 2020-21 to $2.413 billion during the same period of last period.

On a month-on-month basis, imports of mobile phones into Pakistan increased by 43.56 percent during April 2022 and stood at $213.895 million when compared to $183.894 million imported in March 2022, the PBS data revealed.

On a year-on-year basis, mobile phones witnessed a 16.31 percent growth when compared to $148.992 million in April 2021.