ISLAMABAD – The import of mobile phones into the country increased by 63.62percent during the first five months of current financial year as comparedto the corresponding period of last year.
According to data released by Pakistan Bureau of Statistics, Pakistanimported mobile phones worth US $ 498.466 million during July-November ofcurrent financial year as compared to the imports of US $ 304.651 millionduring July-November of last financial year. (2018-19), showing growth of63.62 percent.
On year-on year basis, the import of mobile phones witnessed growth of150.29 percent in November 2019, as compared to the imports of the samemonth of last year.
Meanwhile, merchandise trade deficit plunged by 33.04 percent during thefirst five months of the current fiscal year as compared to the deficit ofthe same month of last year.
Read Top Stories
On the other hand, the exports during the period increased from US $ 9.109billion during last year to US $ 9.545 billion during the current fiscalyear, showing growth of 4.79 percent.
The imports into the country witnessed decline of 18.41 percent by fallingfrom US $ 23.548 billion last year to US $19.213 billion during the currentfiscal year.
