From July to May, the first 11 months of the 2023–24 fiscal year, Pakistan imported mobile phones valued at $1.621 billion. This marks a dramatic rise of 213.97% compared to the same period last year, when imports stood at $516.488 million.
When converted to local currency, mobile phone imports amounted to Rs458.472 billion. This represents a noteworthy increase of 277.37% over the Rs121.491 billion from the previous year.
Despite a minor decline of 1.58% in May 2024 over April 2024, year-over-year data indicates a sustained upward trend in mobile phone imports. Imports increased from $43.201 million in May 2023 to $158.842 million in May 2024.
Mobile phone imports weren’t the sole contributor; local production played a role too. In the first four months of 2024, Pakistan produced 10.85 million devices, including both smartphones and 2G phones.
There is an increasing need for mobile phones in Pakistan, as seen by the significant rise in both imports and domestic manufacture. Even while imports have somewhat decreased month over month, the spike in imports indicates that more individuals are purchasing mobile phones, probably due to developments in technology and a growing desire for connectivity.
