KARACHI: Pakistan has imported mobile phone worth Rs92.8 billion during first four months of the current fiscal year, according to data released by Pakistan Bureau of Statistics (PBS) on Wednesday.
The import of mobile phone in terms of Pak Rupee increased by 52.33 percent to Rs92.8 billion during July – October of fiscal year 2020/2021 as compared with Rs61 billion in the corresponding period of the last fiscal year.
The significant increase in import of mobile phones can be attributed to rising digital services in the wake of coronavirus pandemic.
Industry sources said that demand of mobile phones grew significantly during the lockdown for various purposes including financial services.
The growth can also be attributed to rupee depreciation during the two periods of comparison.
The import of mobile phones in dollar terms increase by 43.6 percent to $557 million during the first four months of the current fiscal year as compared with $388 million in the corresponding period of the last fiscal year.
However, the import of mobile phone in terms of US dollar registered decline of 46 percent to $63.89 million in October 2020 as compared with $118.65 million in the same month of the last year.
The country imported mobile phones worth Rs10.59 billion in the month of October 2020 as compared with Rs18.5 billion in the same month of the last year, showing decline of 42.75 percent.
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