Mobile phone imports in Pakistan register massive increase in FY 2019-20

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Mobile phone imports in Pakistan register massive increase in FY 2019-20

ISLAMABAD -Mobile phone imports in Pakistan register massive increase in the FY 2019-20, media has reported.

The import of mobile phones witnessed a surge of 35pc during the first quarter of the current fiscal year. According to the Ministry of Commerce statistics, mobile phones worth $260.90 million were imported in the first three months (July to September) of FY20, as compared to the imports of $190.92 million during the same quarter last year.

Meanwhile, tea imports reduced by 31pc, standing at $100.22 million during the period review.

Furthermore, the import of cream and infant milk reduced by 14.88pc, palm oil by 25.38pc, sugar by 18.16pc while a significant 60.68pc reduction was witnessed in the import of construction and mining machinery.

Economy