The prices of Mobile Phones have reduced by 20 to 30 percent.
Mobile Phone Prices Reduced:
In the mobile markets, a smartphone worth 1 lakh rupees has become 70 thousand rupees, a mobile phone worth 64 thousand rupees is now being sold for 50 thousand rupees. The price of a mobile phone worth 50 thousand rupees has increased from 38 to 40 thousand rupees. Smart phones are also available for 20 thousand rupees.
The prices of keypad mobile phones have also come down, the price of keypad mobile phones has come up to Rs 1800, according to market sources, the prices of other brands have decreased due to the decrease in the prices of Chinese mobile phones in the country.
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Consumers say mobile prices are still expensive, mobile phone prices were increased by 40 to 50 percent during the hike, but when the prices came down, only 20 to 30 percent were cut.
Shopkeepers say that the prices of mobile phones have come down due to reduced demand.
On the other hand, a significant increase of 121% on annual basis has been recorded in the country’s mobile phone imports in the first nine months of the current financial year.
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According to the data released by the Pakistan Bureau of Statistics, in the first nine months of the current fiscal year, the foreign exchange expenditure on mobile phone imports was 1301 million dollars, which is 181% more than the same period of the previous fiscal year. In the same period of last financial year, foreign exchange expenditure on mobile phone imports was 463 million dollars.
According to the data, in March 2024, the foreign exchange expenditure on mobile phone imports was 153 million dollars, which is 931% more than in March last year. In March last year, foreign exchange expenditure of 15 million dollars was spent on imports of mobile phones.
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Compared to February, mobile phone imports recorded a five percent decrease on a monthly basis in March, with foreign exchange spending of $161 million on mobile phone imports in February, which decreased to $153 million in March.