Mobile phone imports dip 11pc to $755.545m

1527

Staff Reporter

Islamabad

The imports of mobile phones into the country decreased by 10.87 percent during the financial year (2018-19) as compared to the corresponding period of last year.
Pakistan imported mobile phones worth $755.545 million during July-June (2018-19) compared to the imports of $847.654 million during July-June (2017-18), showing negative growth of 10.87 percent, according to the latest data of PBS.
On year-on year basis, the imports of mobile phones witnessed negative growth of 34.18 percent in June 2019, when compared to the imports of the same month of last year.
The mobile imports during June 2019 were recorded at $57.733 million against the imports of $87.717 million in June 2018.
Meanwhile, on month-on-month basis, the imports of mobile phones also witnessed negative growth of 12.27 percent during June 2019, when compared to the imports of $65.810 million during May 2018, according to the data.
It is pertinent to mention here that the country’s merchandize trade deficit plunged by 15.33 percent during the fiscal year 2018-19 compared to the corresponding period of last year.
The trade deficit contracted to $31.820 billion during July-June (2018-19) against the deficit of $37.583 billion recorded during July-June (2017-18).