Mobile phones import registers negative growth during FY 2022-23

ISLAMABAD: The country imported mobile phones worth $570.071 million during the fiscal year 2022-23, registering a negative growth of 71.19 percent when compared to $1.978 billion during the fiscal year 2021-22.

Pakistan’s mobile phone imports increased by 24.03 percent on a Month-on-Month (MoM) basis in June 2023 and stood at $53.583 million compared to imports of $43.201 million in May 2023, according to data released by the Pakistan Bureau of Statistics (PBS).

Mobile phone imports registered 66.30 percent growth on a Year-on-Year (YoY) basis in June 2023 when compared to $32.220 million in June 2022.

The overall telecom imports into the country stood at $956.921 million during the fiscal year 2022-23 and registered 64.45 percent negative growth compared to $2.684 billion during the same period of 2021-22.

On a YoY basis, the overall telecom imports registered a growth of 11.18 per cent and stood at $96.481 million in June 2023 compared to $86.777 million in June 2022. On a MoM basis, the overall telecom imports registered 19.07 per cent growth in June 2023 compared to $81.028 million during May 2023. Other apparatus imports stood at $386.850 million in July-June 2022-23 and registered 45.16 percent negative growth compared to $705.353 million during the same period of the previous year.

On a Year-on-Year basis, other apparatus imports stood at $42.898 million in June 2023 and registered 21.37 percent negative growth compared to $54.557 million in June 2022 and registered 13.41 percent growth on a MoM basis compared to $37.827 million in May 2023.

Copyright Business Recorder, 2023