Tag: mobile phones

ISLAMABAD: Pakistan has imported mobile phones worth Rs248 billion during first nine months (July – March) of 2020/2021 owing to rise in demand of devices for digital financial system.

According to data released by Pakistan Bureau of Statistics (PBS) on Saturday, the country imported mobile phones worth 248 billion during July – March 2020/2021 as compared with 153 billion in the corresponding period of the last fiscal year, showing an increase of 62 percent.

The strong value of the dollar during the period forced higher import payment in terms of the Pak Rupee. The import of mobile phones in terms of US dollar increased by 56.74 percent to $1.53 billion during July – March 2020/2021 as compared with $980 million in the corresponding period of the last fiscal year.

Market sources said that coronavirus pandemic had limited the physical movement, which had given rise to online transactions. Mobile phones have played a major role in promoting the digital economy.

Further, the implementation of laws making it mandatory that only verified mobiles through the Pakistan Telecommunication Authority (PTA) to be activated for local services has also discouraged informal channels for the import of mobile phones.

They said that the depreciation of the Pak Rupee had also an impact on the surge of mobile phone imports.

ISLAMABAD: Pakistan has imported mobile phones worth $1.31 billion during first eight months of the current fiscal year owing to rise in demand of such devices for digital financial system.

According to data released by Pakistan Bureau of Statistics (PBS) on Wednesday the import of mobile phones worth $1.311 billion during July – February 2020/2021 as compared with $865 million in the corresponding period of the last fiscal year.

The strong value of the dollar during the period forced higher import payment in terms of the Pak Rupee. The import of mobile phones in terms of rupee surged by 58 percent to Rs213 billion during first eight months of the current fiscal year as compared with $134.8 billion in the corresponding period of the last fiscal year.

Market sources said that coronavirus pandemic had limited the physical movement, which had given rise to online transactions. Mobile phones have played a major role in promoting the digital economy.

Further, the implementation of laws making it mandatory that only verified mobiles through the Pakistan Telecommunication Authority (PTA) to be activated for local services has also discouraged informal channels for the import of mobile phones.

They said that the depreciation of the Pak Rupee had also an impact on the surge of mobile phone imports.

ISLAMABAD: Pakistan has expended a substantial amount of Rs185 billion on the import of mobile phones during the first seven months (July – January) of the fiscal year 2020/2021, according to data released by the Pakistan Bureau of Statistics (PBS) on Wednesday.

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ISLAMABAD: The country has imported mobile phones worth Rs153.6 billion during the first half (July – December) 2020/2021 owing to rising demand for digital transactions in the wake of the covid pandemic.

The import of mobile phones increased by 59.44 percent during the first half of the current fiscal year.

The import of mobile phones during the first half of the current fiscal year was Rs153.6 billion as compared with Rs96.33 billion in the corresponding period of the last fiscal year, according to data released by the Pakistan Bureau of Statistics (PBS).

Market sources said that coronavirus pandemic had limited the physical movement, which had given rise to online transactions. Mobile phones have played a major role in promoting the digital economy.

Further, the implementation of laws making it mandatory that only verified mobiles through the Pakistan Telecommunication Authority (PTA) to be activated for local services has also discouraged informal channels for the import of mobile phones.

They said that the depreciation of the Pak Rupee had also an impact on the surge of mobile phone imports.

The import of mobile phones in terms of dollar grew by 52.37 percent to $939 million during the first half of the current fiscal year when compared with $616 million in the same half of the last fiscal year.

ISLAMABAD: Pakistan has paid Rs119.22 billion for import of mobile phones during the first five months (July – November) of 2020/2021 owing to high demand for online financial transactions in the wake of coronavirus.

According to data released by Pakistan Bureau of Statistics (PBS), the import of mobile phones surged by 53 percent to Rs119.22 billion during the first five months of the current fiscal year as compared with Rs78 billion in the corresponding months of the last fiscal year.

Industry sources said that the import of mobile phones surged due to the coronavirus pandemic and people opted to make financial transactions through an online system.

Further, they said the implementation of laws making it mandatory that only verified mobiles through Pakistan Telecommunication Authority (PTA) to be activated for local services has also discouraged informal channels for import of mobile phones.

They said that the depreciation of Pak Rupee had also an impact on the surge of mobile phone imports.

The import of mobile phones in terms of dollar grew by 45 percent to $724 million during the first five months of the current fiscal year as compared with $498 million in the same period of the last fiscal year.

KARACHI: Pakistan has imported mobile phones worth Rs92.8 billion during the first four months of the current fiscal year, according to data released by the Pakistan Bureau of Statistics (PBS) on Wednesday.

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Pakistan’s mobile phone imports witnessed a significant surge of 94 percent during the first quarter (July–September) of the fiscal year 2020/2021, according to figures released by the Pakistan Bureau of Statistics (PBS) on Saturday. The country imported mobile phones worth Rs82 billion in this period, a sharp rise from the Rs42 billion recorded in the same quarter of the previous fiscal year.

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KARACHI: The country has imported mobile phones worth Rs51.24 billion during first two months of current fiscal year due to rising digital services in the wake of coronavirus pandemic.

The import of mobile phone grew by 98 percent to Rs51.24 billion during July – August 2020 as compared with Rs25.9 billion in the same period of the last year.

Industry sources said that demand of mobile phones grew significantly during the lockdown for various purposes including financial services.

The import of mobile phones was Rs32.45 billion August 2020 as compared with Rs13.47 billion in the same month of the last year, showing 97 percent growth.

The import of mobile phone in terms of US dollar also registered 87.37 percent increase to $306.38 million during first two months of current fiscal year as compared with $163.52 million in the corresponding months of the last fiscal year.

KARACHI: The country has imported mobile phones worth Rs24.7 billion in the month of July 2020, which is almost double than the import value in the same month of the last year, official data revealed.

According to data released by Pakistan Bureau of Statistics (PBS) on Wednesday the import of mobile phone increased by 98 percent as the country imported mobile phone worth Rs12.42 billion in the same month of the last year.

The import value in US dollar term was $148 million in July 2020 as compared with $78.29 million in the corresponding month of the last year, showing an increase of 89 percent.

Market sources attributed the rise in import of mobile phones to huge demand during lockdown and after ease in lockdown due to rising financial transactions through mobile phones.

They also attributed the significant growth in rupee term due to depreciation of local currency. The average exchange rate in July 2020 was at Rs166.76 to the dollar as compared with Rs158.82 to the dollar in July 2019.

Further, the market sources said that the government has provided relief through duty and taxes on import of mobile phones to promote financial inclusion.