Mobile phone imports dip 6.86pc in 10 months

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ISLAMABAD: The import of mobile phones into the country during the first 10 months of the current fiscal year decreased by 6.86pc as compared to the corresponding period of last year.

Pakistan imported mobile phones worth $631.997 million during July-April 2018-19 as compared to the imports of $678.575 million during July-April 2017-18, according to the latest data of PBS.

On a year-on-year basis, the import of mobile phones witnessed a negative growth of 0.95pc in April 2019, as it went down to $74.813 million from $75.529 million in April 2018.

Meanwhile, on a month-on-month basis, the imports of mobile phones also witnessed a negative growth of 5.36pc in April 2019, as compared to the imports of $79.049 million in March 2019.

It is pertinent to mention that the country’s merchandise trade deficit plunged by 12.82pc during the first 10 months of the current fiscal year as compared to the corresponding period of last year.

The trade deficit contracted by $3.867 billion to $26.302 billion during July-April 2018-19, as against the deficit of $30.169 billion recorded in July-April 2017-18.

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