Comment by Riaz Haq on June 19, 2024 at 8:30am

Pakistan's mobile phone imports increase by 200pc in 10 months - Business - Dunya News

https://dunyanews.tv/en/Business/813524-Pakistan’s-mobile-phone-imports-increase-by-200pc-in-10-months

(Web Desk) - Pakistan has seen a significant increase in mobile phone imports, which soared by 209pc to $1.462 billion in the first ten months of FY24.

This is a substantial rise compared to the $473.287 million recorded in the same period last year.

In April 2024 alone, mobile phone imports experienced a 5.44% increase compared to March 2024, reaching $161.393 million.

More impressively, there was a staggering 1,424% increase compared to April 2023.

When looking at the imports in terms of Pakistani rupees, the value reached Rs414.276 billion, which is a 279% increase from Rs109.158 billion in the previous year. Not only did mobile phone imports rise, but overall telecom imports also increased significantly by 135%, reaching $1.834 billion.

In addition to the rise in imports, local manufacturing of mobile handsets also showed growth. In the first two months of 2024, Pakistan produced 6.1 million handsets.

This indicates that despite facing import challenges, the mobile phone sector in Pakistan is experiencing substantial growth both in terms of imports and local production.

The remarkable increase in mobile phone imports highlights the growing demand for mobile devices in Pakistan. This surge is seen despite various import challenges, showing a robust market for mobile phones.

Additionally, the growth in local manufacturing suggests that Pakistan is also making strides in producing its own handsets, which could help balance future import needs.

Comment by Riaz Haq on August 20, 2024 at 9:43am

PM announces distribution of one million smartphones to top students


https://www.nation.com.pk/12-Aug-2024/pm-announces-distribution-of-...

On Monday, Prime Minister Shehbaz Sharif announced that the federal government will distribute one million smartphones to high-achieving students across Pakistan, including those from Azad Jammu and Kashmir, Gilgit-Baltistan, and remote areas of Balochistan.

The announcement was made during an event celebrating the International Day of Youth, organized by the Prime Minister’s Youth Programme. The Prime Minister emphasized the importance of supporting students nationwide, noting that each province already has its own initiatives to assist students.

Shehbaz Sharif pledged to allocate substantial resources to empower the youth, aiming to transform Pakistan into a prosperous and developed nation. He reflected on his tenure as Chief Minister of Punjab under the leadership of Nawaz Sharif, highlighting his commitment to providing opportunities for young people to change the country’s future.

“The youth of our country have the potential to elevate the nation to new heights if they are given access to modern education and resources,” he stated.

Comment by Riaz Haq on September 1, 2024 at 10:22pm

Pakistan spends $1.898 billion on mobile phone imports in FY 2023-24 - Profit by Pakistan Today

https://profit.pakistantoday.com.pk/2024/07/22/pakistan-spends-1-89...


Pakistan imported mobile phones worth $1.898 billion during the fiscal year 2023-24, reflecting a 233% increase compared to $570.071 million in the fiscal year 2022-23, according to the latest data released by the Pakistan Bureau of Statistics (PBS).

In rupee terms, mobile phone imports stood at Rs535.690 billion, a 291.45% growth from Rs136.847 billion in the previous fiscal year.

Mobile phone imports in June 2024 amounted to $278.574 million, marking a 76.77% increase from $157.592 million in May 2024. Year-on-year, imports surged by 419.90% in June, up from $53.582 million in June 2023.

Overall telecom imports during the fiscal year 2023-24 reached $2.366 billion, a 147.36% increase compared to $956.696 million in 2022-23.

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