According to data provided by the Pakistan Bureau of Statistics (PBS), mobile phone imports had a decrease of 71% in the first nine months of FY23. PBS records indicate that the total amount of money spent on mobile phone imports from July to March of the current fiscal year was $463 million. This figure represents a decrease of 71% when compared to the same time period in the previous fiscal year. During the first nine months of the previous fiscal year, mobile phones with a total value of $1.596 billion were imported.
On a month-on-month (MoM) basis for the month of March 2023, Pakistan’s mobile phone imports had a decrease of 55.09 percent. In comparison, imports in February 2023 totaled $ 33,054 million, while this figure remained at $ 14.846 million.
When compared to the $ 183.894 million that was imported during the same month in 2022, mobile phone imports in March 2023 experienced a year-on-year (YoY) growth rate that was 91.93 percent negative.
Mobile phone imports fell 71% in 9 months
During the period of July 2023 to March 2023, the total value of the country’s imports of telecommunications equipment was $ 744.910 million. In comparison to the $2.137 billion it had brought in during the same period of the previous fiscal year, it showed a decline in growth of 65.14 percent.
Comparing March 2023 to March 2022, total imports of telecom equipment experienced an annual drop of 86.51 percent, falling from $ 267.705 million to $36.112 million. In March 2023, this difference amounted to $ 36.112 million. When measured on a month-over-month basis, the total value of telecom imports experienced a decrease of 44.22 percent in March 2023, compared to $ 64.741 million during the month of February 2023.
During the first three months of the fiscal year 2023, other apparatus imports totaled $ 282.210 million. When compared to the amount of $ 540.778 million recorded during the same time of the previous fiscal year, it showed a decline of 47.81 percent.