In the fiscal year 2023, 90.88 million dollars of foreign exchange was spent on the imports of mobile phones.


Islamabad: Imports of mobile phones in Pakistan recorded a significant decline in the first quarter of current financial year on an annual basis.
According to the data released by State Bank of Pakistan (SBP) and Pakistan Bureau of Statistics (PBS), in the first quarter of the current fiscal year, 15.36 million dollars of foreign exchange was spent on the imports of mobile phones, which is 364% less than the same period of the previous fiscal year.
In the same period of previous financial year, the foreign exchange was spent on imports of mobile phones worth $71.21 million. In September 2023, the volume of imports of mobile phones was recorded at $7.048 million, which was 4.97 million dollars in August and 85.81 million dollars in September 2022.
In the fiscal year 2023, 90.88 million dollars of foreign exchange was spent on the imports of mobile phones.
It is pertinent to note that in the first quarter of the financial year, the volume of total imports of Telecom Group has been recorded at $366.31 million, which was 209.52 million dollars in the same period of the previous financial year.

PSX hits record high following announcement of electricity tariff cuts
- 8 hours ago

Nazia Hassan: Celebrating legacy of a pop icon on her 60th birthday
- 9 hours ago
PM Shehbaz announces Rs7.41 per unit electricity price cut
- 12 hours ago
18-year-old dies from Congo virus in Quetta
- 9 hours ago
Former Pakistan test cricketer Farooq Hamid passes away
- 11 hours ago
Indian actress Shalini Pandey reveals dark side of film industry
- 13 hours ago

Mohsin Naqvi appointed president of Asian Cricket Council: Sources
- 10 hours ago
Hollywood star Jean-Claude Van Damme accused of having sex with five women: report
- 11 hours ago

Gold prices hit new peak at Rs325,500 per tola
- 8 hours ago

Met Office forecasts Karachi's temperature rising up to 40°C this week
- 9 hours ago
3-year-old dies after falling into open manhole in Karachi
- 13 hours ago

Trump’s tariffs stoke global trade war as China, EU hit back
- 10 hours ago