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HomeEconomyMobile phone imports jump by 15.5%YoY in 4MFY22

Mobile phone imports jump by 15.5%YoY in 4MFY22

November 17, 2021 (MLN): Pakistan imported mobile phones worth $644.67 million during the first four months of the ongoing financial year (2021-22) compared to $557.96mn in the same period last year, showing a growth of 15.54%, according to the Pakistan Bureau of Statistics (PBS) data.

The mobile imports during October 2021 were recorded at $149.7mn, up by 2.30x YoY while on a sequential basis, it declined by 28.37% MoM.

On a year-on-year basis, the overall telecom imports into the country increased by 2.05 times YoY to $208.68mn during the said month. However, on a month-on-month basis, the overall telecom imports fell by 23% MoM in October 2021, compared to the imports of $270.82mn in September 2021.

The other types of machinery that contributed to escalating import bills during October 2021 in absolute terms were Power Generating Machineries and Electric Machinery & Apparatus as their imports stood at $157.26mn and $153.19mn respectively, the PBS reported.

Accordingly, the import bill of the machinery group surged by 62.24% YoY to $864mn during October 2021.

Copyright Mettis Link News

 

Posted on: 2021-11-17T17:45:46+05:00

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