According to the latest figures provided by Pakistan Bureau of Statistics (PBS), the mobile phone imports have seen an increase in the first half of the fiscal year 2017-18(July-December) as it stood on $376,498 million compared to $329,177 million in the same period of 2016-17.
Mobile Phone imports in December 2017 were recorded to be $73,047 million which is around 12 percent more than $65,168 million, the figure recorded in December 2016 and 25% up than $58,246 million mobile phone imports in November 2017.
This is a positive sign as in November 2017, the import figure was very disappointing as compared to the same period in the last fiscal year. In 2017, we saw the government placing high taxes on the mobile phone industry in Pakistan.
In the budget 2017-18, the federal government deceptively increased the mobile phone prices in the country by placing an additional Rs. 250 regulatory duty on every mobile phone that would be imported from July 1st and merging the lower limit duty slabs of Rs. 300 and Rs. 1,000 into one single slab of Rs. 650, which increased the prices of feature phones
In Mid-October, we were again welcomed by another tax when FBR increased duty on the mobile phone imports forcing importers to pay Rs. 250 on every mobile phone worth Rs. 15,000 or above and Rs. 300 duty on handsets worth Rs. 6000 and above.