Tag: mobile phones

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.

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.

ISLAMABAD: Pakistan has spent Rs217 billion on import of mobile phones during fiscal year 2019/2020 amid slow economy and outbreak of coronavirus pandemic.

The import of mobile phones was Rs217 billion during fiscal year 2019/2020 as compared with Rs102.75 billion in the preceding fiscal year, showing 81 percent growth, according to data released by Pakistan Bureau of Statistics (PBS).

Market sources said that reduction in duty and taxes and restriction of registration with the Pakistan Telecommunication Authority (PTA) has increased the import of mobile phones through legal channels.

The import of mobile phones in terms of US Dollars also increased to $1.4 billion during the fiscal year under review as compared with $755.55 million in the preceding fiscal year.

Despite imposition of lockdown in the country to prevent coronavirus, the country imported mobile phones worth Rs38.2 billion in June 2020, which is 115 percent higher when compared with Rs17.78 billion in May 2020.

The market sources said that due to lockdown the importance of digital economy had increased. They said that financial transactions were being done through mobile phones, which were the easiest way.

ISLAMABAD: Pakistan has spent over Rs179 billion for import of mobile phones during July – May 2019/2020, which is 90 percent higher than the same period of the last fiscal year.

According to Pakistan Bureau of Statistics (PBS), the country imported mobile phones worth Rs179 billion during first eleven months of the current fiscal year, which was Rs93.78 billion in the corresponding period of the last fiscal year.

Market sources said that reduction in duty and taxes and restriction of registration with the Pakistan Telecommunication Authority (PTA) has increased the import of mobile phones through legal channels.

The import of mobile phones in terms of US Dollars also increased to $1.14 billion during the period under review as compared with $698 million in the corresponding period of the last fiscal year.

Despite imposition of lockdown in the country to prevent coronavirus, the country imported mobile phones worth Rs17.78 billion in May 2020, which is 127 percent higher when compared with Rs7.83 billion in April 2020.

The market sources said that due to lockdown the importance of digital economy had increased. They said that financial transactions were being done through mobile phones, which were the easiest way.