Mobile Phones imports into Pakistan register massive increase

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Mobile Phones imports into Pakistan register massive increase

ISLAMABAD - The import of mobile phones into the country increased by 63.62 percent during the first five months of current financial year as compared to the corresponding period of last year.

According to data released by Pakistan Bureau of Statistics, Pakistan imported mobile phones worth US $ 498.466 million during July-November of current financial year as compared to the imports of US $ 304.651 million during July-November of last financial year. (2018-19), showing growth of 63.62 percent.

On year-on year basis, the import of mobile phones witnessed growth of 150.29 percent in November 2019, as compared to the imports of the same month of last year.

Meanwhile, merchandise trade deficit plunged by 33.04 percent during the first five months of the current fiscal year as compared to the deficit of the same month of last year.

On the other hand, the exports during the period increased from US $ 9.109 billion during last year to US $ 9.545 billion during the current fiscal year, showing growth of 4.79 percent.

The imports into the country witnessed decline of 18.41 percent by falling from US $ 23.548 billion last year to US $19.213 billion during the current fiscal year.

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