Telecom Products Imported during Fiscal Year 2017 Declined to $1.355B

Pakistan has imported telecom products worth $1,355,891 million during the fiscal year 2016-2017. According to Paksitan Bureau of Statistics, the import of Telecom products has a nominal decline of 0.38 percent. Telecom Products Imported during Fiscal Year 2017 Declined to $1.355B.

The trade of last fiscal year- 2015 to 2016 was recorded at $1,361,127 million. The import of smart phones witnessed a negative growth of 5.78 percent during the 2017 as compared to last year.

Telecom Products Imported during Fiscal Year 2017 Declined to $1.355B

According to PBS data, the mobile phone imports into Pakistan were recorded at $709.690 million as compared to imports of $753.225 million.

Regardless of speedy penetration of smart phones in Pakistan due to escalating 3G and 4G networks, legal import bill of mobile phones remained on downward course mostly because of complex process and greater taxation on imports as grey imports of mobile phones endure to witness rise.

Also Read: Mobile Imports Fell by 15.21% During Q1 of Current FY 2016-17

The imports of other telecom apparatus has increased by 6.3 percent. It was $607.903 million last year and has raised to $646.201 million during 2016-17.

On yearly basis, overall telecom imports in Pakistan has decreased by 1.58 percent in June 2017 as compared to June 2016. The telecom imports in June 2017 were recorded at $102.796 million compared to the imports of $104.441 million.

On monthly basis, the telecom imports witnessed decrease if 12.6 percent in June 2017 as compared to imports of $117.618 million in May 2017.

The data also revealed that the overall merchandise imports during the first month of the current fiscal year (July 2017) increased by 36.74 percent compared to July 2016. The imports into the country during July 2017 were  $4.835 billion as compared to the imports of $3.536 billion.

Also Read: Mobile Imports Continue to Fall due to High Taxation