Mobile Phone Imports Decrease by 7.29% in 11 Months

Mobile phone imports

In the first 11 months of the outgoing fiscal year 2016-17, the import of mobile phones fell by 7.29 percent as compared to the same period in 2015-16.

The mobile phone imports were recorded at $637.138 million in July-May 2016-17 whereas in 2015-16 this figure was around $687.252 in 2015-16.

In May 2017, the mobile phone imports increased from $51.913 million in May 2016 and $47.934 million in April 2017 to $64.762 million.

As we reported earlier this year, the stringent policies of the government are the main cause of the decrease in mobile phone imports in the country.

In February 2017, State Bank of Pakistan (SBP) imposed a 100 percent cash margin requirement on the import of mobiles phone in the country.

This measure will probably also result in the decline of the said imports in this fiscal year and the increase in gray imports of the mobile devices.

Recently, Pakistan Telecommunication Authority (PTA) drafted a new policy which aims to deal with the growing pandemic of mobile phone smuggling and the resale of stolen phones in Pakistan.

The regulatory authority is going to introduce Mobile Devices Identification, Registration and Blocking System (DIRBS). This system will be capable of identification, registration, and blocking of mobile devices that will be non-compliant to the new set of rules.

According to the latest data released by Pakistan Bureau Statistics, the telecom imports have also decreased by 0.29% in the same time period.

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