Pakistan’s mobile import descended on to 7.11 percent

The mobile imports into the country during the first seven months of the current fiscal year have declined by 7.11 percent as compared to corresponding period of the previous year.According to the latest data obtained by the Pakistan Bureau of Statistics, Pakistan imported mobile phones worth $423.818 million during July-January (2018-19) as compared to the imports of $456.254 million during July-January (2017-18), resulting in a negative growth of 7.11 percent.The imports of overall telecom sector witnessed decrease of 10.58 percent by falling from the trade of 876.124 million dollar last year to 783.450 million dollar during the current fiscal year.The PBS data further revealed that on a yearly basis, mobile phone import has witnessed a sharp decline of 25.06 percent in January this year as compared to the data obtained for the same month last year.