Mobile phone imports surge 89pc YoY in July

ISLAMABAD: Pakistan’s import of mobile phones witnessed an increase of 89.03pc during the first month (July) of the current financial year (2020-21), as compared to the corresponding period of last year.

The country imported mobile phones worth $148.001 million in July 2020 as compared to the imports of $78.295 million in July 2019, according to data issued by the Pakistan Bureau of Statistics (PBS).

On a month-on-month basis, however, the import of mobile phones witnessed a decrease of 36.01pc in July 2020, when compared with the imports of $231.302 million in June 2020.

It is pertinent to mention that the country’s trade deficit in July FY21 dipped by 7.72pc $1.686 billion in July 2020 as compared to the deficit of $1.827 million in July 2019.

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During the month under review, the country’s exports increased by 6.10pc, from $1.886 billion in July FY19 to $2.001 billion, whereas imports declined by 0.70pc, from $3.713 billion to $3.687 billion.

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