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Pakistan Imports Mobile Phones Worth $180 Million Amid Economic Challenges
Karachi, September 18, 2023 – Pakistan, facing economic challenges and foreign payment constraints, has imported mobile phones worth approximately $180 million in just two months, according to data from the Pakistan Bureau of Statistics (PBS).
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Cash-strapped Pakistan spends $473 million on mobile phone imports
In a surprising move, Pakistan has reportedly spent a staggering $473 million on the import of mobile phones during the first 10 months of the current fiscal year, despite grappling with a severe shortage of foreign currency.
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Pakistan Customs to auction various models of iPhones
Pakistan Customs has announced an auction for various models of iPhones that will be held on May 10, 2023, at Customs Dryport Multan.
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Policy requires duty and taxes on all mobile phones imported into Pakistan
Pakistan has recently implemented a new policy regarding the import of mobile phones into the country, official sources said recently.
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Cell phone import in Pakistan plunges by 68%
ISLAMABAD: During the first eight months of the current fiscal year (2022-23), there has been a 68.29 percent decrease in the import of cell phones into the country compared to the same period last year.
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Pakistan slaps 25% sales tax on import of mobile phones valuing above $500
In an effort to generate additional revenue and bridge fiscal gaps, Pakistan has imposed a 25% sales tax on the import of mobile phones valued above $500 per piece, according to official sources.
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New rates of sales tax on mobile phones imposed through mini budget
ISLAMABAD: Federal Board of Revenue (FBR) has issued new rates of sales tax on mobile phones after implementation of the mini budget.
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