Based on data released by the Pakistan Bureau of Statistics, the particular country’s mobile phone imports have witnessed a dramatic boost of 51. 59 percent to $1. 311 billion dollars over the course of eight months from the current financial year 2020-21.
According to details , Pakistan brought in mobile phones worth $1311. 497 million during July-February (2020-21) as compared to the imports associated with $865. 180 million during July-February (2019-20), showing development of 51. 59 %.
On year-to-year basis, the import associated with mobile phones also rose by 68. 11 percent throughout the month of February 2021 compared to the same month of last year. The import of mobiles into the country throughout February 2021 was recorded on $175. 823 million when compared with the exports of $104. 590 million in Feb 2020.
On month-on-month basis, the imports of mobile phones however witnessed decrease of 10. 68 percent during February 2021, when compared with the imports of $196. 855 million during The month of january 2021, according to the data.
According to an official in a mobile phone company who talked to Dawn , he mobile phone market has become in full swing with particularly massive demand within the cost range of Rs10, 000-40, 000 in which many companies are competing with one another.
The primary reason for the heavy demand within the price range is the prevalence associated with online education in today’s COVID-dominated world as well as the increasing usage of e-commerce platforms for from food to clothing.
The official said Korean and Chinese manufacturers are already presenting one to two new mobile phones every one to two months within the range of Rs15, 000-25, 000 with 2/3 GB RAM and 32/64 GB storage space options which has provided a large relief to people who are not able to afford costly cellphones along with prices starting from Rs50, 000.
Meanwhile, a cellphone manufacturer based in Karachi said that sales of 2G phones are still thriving as much people cannot afford over Rs10, 000 cellphones. According to the Pakistan Telecommunication Power (PTA) website, the number of cellular phone subscribers soared to a hundred and seventy-eight million in January from 168m in July 2020.
It is worth noting that Pakistan produced 1 . 21 million mobile phones over the course of the first two months associated with 2021. The surge in phone production has been related to the significant drop in cellphone smuggling over the same period.