ISLAMABAD: As much as Rs185 billion for import of mobile phones during the first seven months (July–January) of 2020-021, according to details released by Pakistan Bureau of Statistics (PBS).
The import of mobile phones surged by 56 percent during the first seven months of the current fiscal year when compared with Rs118.67 billion in the corresponding months of the last fiscal year.
The payment in terms of the US dollar, the import recorded a growth of 49.32 percent to $1.13 billion during July–January 2020-21 as compared with $760 million in the corresponding period of the last fiscal year. Market sources said that coronavirus pandemic had limited the physical movement, which had given rise to online transactions. Mobile phones have played a major role in promoting the digital economy. Further, the implementation of laws making it mandatory that only verified mobiles through the Pakistan Telecommunication Authority (PTA) to be activated for local services has also discouraged informal channels for the import of mobile phones.
Pak Army and Gilgit-Baltistan government request federal government to provide 100pc local wheat
More than $20bn in market value has been wiped off Adani’s corporate empire, says Financial Times
Fund asked government to increase sales tax on POL products to 18 percent instead of 1-2 percent.
Air chief’s visit underscores importance of technological collaboration in strengthening national defence capabilities
Under Article 154 of the Constitution, it is mandatory to hold a CCI meeting every 90 days, says Sindh CM
Chairing meeting on Thursday, CM directs construction of 5,000 new classrooms under PSRP Programme
