Mobile Phone Imports Show Rapid Growth in Q1 2017-18
4 weeks ago
Mobile phones import witnessed a phenomenal growth of 30.18 percent in the current fiscal year (July-September) 2017-18 as it remained $190.795 million compared to $146.566 million during the same period of 2016-17 (July-September).
Mobile phone imports in September 2017, worth $61.403 million, increased by 14.01 percent compared to $60.822 million imports in August 2017, revealed the latest data released by the Pakistan Bureau of Statistics (PBS).
Overall telecom imports saw an increase of over 21 percent during July-September 2017 compared to the same period last year.
Total imports were recorded at $333.701 million during this period compared to $273.895 million in July-September 2016, Imports registered a decline of 0.43 percent as compared to $116.905 million during August 2017.
Other telecom apparatus import also witnessed growth of over 12.23 percent in July-September 2017 as it stood at $142.906 million against $127.329 million during the same period of last year. When compared to August 2017, other telecom apparatus imports registered over 16 percent negative growth as it was $49.370 million compared to $41.378 million in September 2017.
However, the government has increased Regulatory Duty (RD) on the import of a wide range of telecom items/equipment including cellular mobile which would increase its prices.
According to the SRO 1035 (I)/2017 issued by the Federal Board of Revenue (FBR) Regulatory Duty has been imposed on cellular mobile phone at the rate of Rs 250 per set. Further 5 percent RD has been imposed on Line telephone sets with cordless handsets, 20 percent on telephone cables, 20 percent on optical fibre cables, 40 percent on LCD & LED, 50 percent on video game consoles and machines, articles for funfair, table or parlour games, including pintables, billiards, special tables for casino games and automatic bowling alley equipment and 30 percent on articles and equipment for general physical exercise, gymnastics or athletics.