Pakistan’s Mobile Imports Plunge 64% in First 2 Months of FY23

 Pakistan imported cell devices value $101.864 million during the first two months (July-August) of the current financial year 2022-23 (FY23), a 64.38 percent decrease from the same period last year.

According to the Pakistan Bureau of Statistics (PBS), mobile phone imports increased by 62.51 percent month on month (MoM) in August 2022, reaching $63.060 million from $38.804 million in July 2022.

In August 2022, mobile phone imports fell 62.16 percent year on year (YoY) to $166.710 million, compared to $166.710 million the previous month.

Overall telecom imports into the country totaled $169.438 million in the first two months of FY23, representing a 53.84 percent decrease from $367.051 million in the same period the previous fiscal year.

However, overall telecom imports fell 51.31 percent year on year to $101.537 million in August 2021-22, compared to $208.558 million in August 2021-22. Overall telecom imports increased 49.54 percent month on month (MoM) in August, compared to $67.901 million in July.

Other apparatus imports totaled $67.574 million in July-August 2022, a 16.68 percent decrease from $81.104 million in the same period the previous fiscal year.

Other apparatus remained at $38.477 million in August 2022, registering 8.06 percent negative growth when compared to $41.848 million in August 2021 and 32.24 percent on a month-to-month basis when compared to $29.0097 million in July 2022.