Mobile phone imports jump by 96% YoY in March

April 19, 2021 (MLN): The import bill of the Machinery group has witnessed an upsurge of around 72% YoY/16.5% MoM to stand at $1.07 billion in the month of March 2021.

According to the data issued by the Pakistan Bureau of Statistics (PBS), the major portion of import was associated with Telecom in terms of value, showing a massive increase of 78% YoY and 28% MoM to clock in at $303 million during March 21. This was followed by the imports of Electrical Machinery & Apparatus which were recorded at $192 million, up by 50.4% MoM, and Power Generating Machinery with $170 million in March 21.

The imports of Mobile Phones under the head of Telecom witnessed a whopping 96% YoY and 28% MoM increase to $224 million during the month under review.

During July-March FY21, the imports of the machinery group inched higher by 8% YoY to $7.16 billion. The biggest contributor to the import bill, in terms of value, is Telecom, which showed a significant surge of 44% to $1.92 billion. Within Telecom, the imports of Mobile Phones jumped significantly by 57% YoY to $1.53 billion during 9MFY21.

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