AIRLINK 191.84 Decreased By ▼ -1.66 (-0.86%)
BOP 9.87 Increased By ▲ 0.23 (2.39%)
CNERGY 7.67 Increased By ▲ 0.14 (1.86%)
FCCL 37.86 Increased By ▲ 0.16 (0.42%)
FFL 15.76 Increased By ▲ 0.16 (1.03%)
FLYNG 25.31 Decreased By ▼ -0.28 (-1.09%)
HUBC 130.17 Increased By ▲ 3.10 (2.44%)
HUMNL 13.59 Increased By ▲ 0.09 (0.67%)
KEL 4.67 Increased By ▲ 0.09 (1.97%)
KOSM 6.21 Increased By ▲ 0.11 (1.8%)
MLCF 44.29 Increased By ▲ 0.33 (0.75%)
OGDC 206.87 Increased By ▲ 3.63 (1.79%)
PACE 6.56 Increased By ▲ 0.16 (2.5%)
PAEL 40.55 Decreased By ▼ -0.43 (-1.05%)
PIAHCLA 17.59 Increased By ▲ 0.10 (0.57%)
PIBTL 8.07 Increased By ▲ 0.41 (5.35%)
POWER 9.24 Increased By ▲ 0.16 (1.76%)
PPL 178.56 Increased By ▲ 4.31 (2.47%)
PRL 39.08 Increased By ▲ 1.01 (2.65%)
PTC 24.14 Increased By ▲ 0.07 (0.29%)
SEARL 107.85 Increased By ▲ 0.61 (0.57%)
SILK 0.97 No Change ▼ 0.00 (0%)
SSGC 39.11 Increased By ▲ 2.71 (7.45%)
SYM 19.12 Increased By ▲ 0.08 (0.42%)
TELE 8.60 Increased By ▲ 0.36 (4.37%)
TPLP 12.37 Increased By ▲ 0.59 (5.01%)
TRG 66.01 Increased By ▲ 1.13 (1.74%)
WAVESAPP 12.78 Increased By ▲ 1.15 (9.89%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.95 Increased By ▲ 0.10 (2.6%)
BR100 11,930 Increased By 162.4 (1.38%)
BR30 35,660 Increased By 695.9 (1.99%)
KSE100 113,206 Increased By 1719 (1.54%)
KSE30 35,565 Increased By 630.8 (1.81%)

ISLAMABAD: Local manufacturing plants have manufactured/assembled 13.02 million mobile handsets during the first nine months (January-September) of 2023 compared to 1.09 million imported commercially.

The local manufacturing plants have manufactured/assembled 2.15 million mobile handsets during September 2023 compared to 0.25 million imported commercially.

Local manufacturing plants manufactured/assembled 21.94 million mobile handsets during the calendar year 2022 compared to 24.66 million in 2021, i.e. registered a decline, attributable to issues in imports on account of restricting the opening of letters of credit (LCs).

Around 21.94 million mobile handsets were assembled during the calendar year 2022 - compared to 1.53 million commercially imported phones handsets, said the Pakistan Telecommunication Authority (PTA).

The locally manufactured/assembled 13.02 million mobile phone handsets included 9.01 million 2G and 4.02 million smartphones.

Besides, as per the PTA data, 57 percent of mobile devices are smartphones, and 43 percent are 2G on the Pakistan network.

Pakistan’s mobile phone imports crossed Rs37 billion in September 2023, according to the latest data released by the Pakistan Bureau of Statistics (PBS).

According to PBS data, the imports of Rs37.1 billion in September 2023 were 13.3 percent higher than imports of Rs32.7 billion registered in the previous month i.e. August 2023.

The imports during the first three months of the current fiscal year i.e. July-September FY24 came in at Rs 88.95 billion, up 147 percent compared to imports of Rs 35.9 billion registered in the same period of the previous fiscal year (FY23).

In dollar terms, the imports in September stood at $ 124.51 million, up 12 percent compared to imports of $ 111.34 million in August 2023 and up 113 percent compared to imports of $ 58.407 million in September 2022.

In dollar terms, the imports in July-September fiscal year 2023-24 stood at $ 304 million, up 89 percent compared to imports of $ 160.2 million registered in the same period of fiscal year 2023.

Copyright Business Recorder, 2023

Comments

Comments are closed.

Tariq Qurashi Oct 24, 2023 11:55am
This is an excellent example of successful FDI. It needs to be studied and replicated for other sectors. The real success will however be when we start exporting mobile phones and earning foreign exchange.
thumb_up Recommended (0)