Pakistan's Mobile Phone Imports Witness Sharp Decline in FY23

 

In the fiscal year 2022-23, Pakistan experienced a substantial drop in mobile phone imports, reaching $570.071 million, marking a staggering 71.19 percent decrease from the previous fiscal year's $1.978 billion, as reported by the Pakistan Bureau of Statistics (PBS).

However, there was a glimmer of hope in June 2023, as mobile phone imports surged by 24.03 percent on a month-on-month basis, amounting to $53.583 million, compared to $43.201 million in May 2023.

The year-on-year data for June 2023 also showed a positive trend, with mobile phone imports registering an impressive 66.30 percent growth compared to the same month in 2022, which amounted to $32.220 million.

Despite the decline in mobile phone imports, the overall telecom imports for the country during FY23 amounted to $956.921 million, experiencing a substantial negative growth of 64.45 percent when compared to $2.684 billion in FY22.

Nevertheless, the telecom sector showed resilience in June 2023, as overall imports experienced an 11.18 percent year-on-year growth, standing at $96.481 million compared to $86.777 million in June 2022. On a month-on-month basis, telecom imports grew by 19.07 percent compared to May 2023's $81.028 million.

Additionally, other apparatus imports, which includes various telecommunications equipment, witnessed a significant decline of 45.16 percent during the July-June period of 2022-23, amounting to $386.850 million, compared to $705.353 million in the previous year.

In June 2023, other apparatus imports were recorded at $42.898 million, experiencing a 21.37 percent negative growth compared to June 2022's $54.557 million. However, it did exhibit a positive trend on a month-on-month basis, showing a growth of 13.41 percent compared to May 2023's $37.827 million.

These figures depict the changing landscape of Pakistan's telecom and mobile phone import sectors, reflecting the dynamic nature of the country's economy amidst global market fluctuations.