Pakistan’s mobile phone imports crossed Rs. 32.7 billion in August 2023, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
According to PBS data, the imports in August 2023 were 71 percent higher than imports of Rs. 19.1 billion registered in the previous month i.e. July 2023.
The increase in imports was much higher than the imports in the same month of the previous fiscal year (FY24), going up by 135 percent compared to imports of Rs. 13.9 billion in August 2022.
In dollar terms, the imports in August stood at $111.34 million, up 63 percent compared to July 2023 and 76 percent compared to August 2022.
The imports during the first two months of the current fiscal year i.e. July and August came in at Rs. 51.85 billion, up 131 percent compared to imports of Rs. 22.44 billion registered in the same period of the previous fiscal year.
In dollar terms, the imports in July-August 2023 stood at $179.47 million, up 76 percent compared to imports of $101.86 million registered in the same period of the previous fiscal year.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
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