Pakistan imported mobile phones worth Rs 8 billion in month of February 23

Pakistan imported mobile phones worth Rs 8 billion in month of February 23

Pakistan’s mobile phone imports declined by 36.39 percent on amonth-on-month (MoM) basis in February 2023 and stood at $33.054 millioncompared to imports of $51.960 million in January 2023 and declined by76.73 percent compared to $142 million in February 2022, according to datareleased by the Pakistan Bureau of Statistics (PBS).

The mobile imports in rupee terms during February stood at Rs. 8.81 billioncompared to imports of Rs. 12 billion registered in January, a decline of27 percent. The imports in February 2023 were down 64 percent compared toimports of almost Rs. 25 billion registered in the same month of theprevious year.

The country imported mobile phones worth $447.855 million during the firsteight months (July-February) of the current fiscal year 2022-23 (FY23),registering a negative growth of 68.29 percent when compared to $1.412billion during the same period of last year. In rupee terms, the mobileimports during the period under review have crossed Rs. 101 billion.

Mobile phone imports registered 76.73 percent negative growth on ayear-on-year (YoY) basis in February 2023 when compared to $142.033 millionduring the same month of last year.

The overall telecom imports into the country stood at $708.798 millionduring July-February FY23 and registered 62.08 percent negative growthcompared to $1.869 billion during the same period of last fiscal year.

On a YoY basis, the overall telecom imports registered a negative growth of70.22 percent and stood at $64.741 million in February 2023 compared to$217.396 million in February 2022. On a MoM basis, the overall telecomimports registered 17.36 percent negative growth in February 2023 comparedto $78.337 million during January 2023.