Pakistan produces 20.44m mobile phones in 8MCY24

September 24, 2024 (MLN): Local mobile assembly and manufacturers have assembled 20.44 million mobile phones during the first eight months of the ongoing calendar year (January-August 2024).

A breakup of the data on local production provides details that out of the total devices produced, 12.73m were smartphones while the remaining 7.71m were 2G devices.

Additionally, the commercial imports of mobile phones totaled 1.1m units.

Brandwise, Infinix took the lead in production by manufacturing 2.77m units in Jan-Aug 2024.

The second and third ranks were held by Itel and VGO TEL, with outputs of 2.38m and 2.19m, respectively, during the review period.

It is crucial to note that production has been on a declining trend since 2022 due to economic depression in the country and rising interest rates which acted as a constraint for the local industry.

In 2021, PTA reported that 24.66m devices were manufactured, and in 2023 the figure dropped to 21.28m units, around 13.71% lower.

However, a greater drop was noticed in the commercial import section, reducing from 24.51m in 2020 to just 1.58m in 2023.

This decline is attributed to the import restrictions imposed by the central bank to curb the gap between export and import and reduce the outflow of foreign currency.

With the expanding reach of internet services, the threshold of smartphone devices on the Pakistan network has increased to 62%, compared to 59% in 2023 and 56% in 2022.

Conversely, the use of 2G devices on the local network has reduced to 38%, in contrast to 41% in 2023 and 44% in 2022.

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