Mobile phone imports in Pakistan have declined by 6.86% in the first 10 months of the fiscal year 2019 (July 2018- April 2019), according to latest figures released by Pakistan Bureau of Statistics (PBS).
According to the report, mobile phone imports have come down from $678.575 million to $631.997 million recorded during the same period last year. In April 2019, the total imports stood at $74.813 million, 0.95% less than $75.529 million registered in April 2018 and 5.36% lower than import figures in March 2019.
The decline in mobile phone imports can be due to increasing smartphone rates in the country due to inflation and depreciation of Pakistani currency. The smartphones that used to be in the budget category have jumped to the mid-range category based on the prices of the devices.
With the current economic condition of Pakistan, we may continue to see a decline in mobile phone imports unless there is a big change in the government’s policy regarding the handset industry. Many smartphone companies are also offering Ramadan discounts on their phones to entice users into buying their current stocks.
Overall, telecom imports also saw a decline of 8.64% in the first 10 months of FY2019 recorded to be $1.156 billion which is less than $1.266 billion registered in the same period last year.