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Pakistan has been seeing significant decline and reduction in telecom imports

Telecom-imports

It has been reported that imports of telecommunication products have been decreased and reduced greatly in Pakistan. It has been seen that a percentage of around and just 31 percent of telecom imports have been seen during the time of July-August of this current fiscal year (2015-16) when we compare it to the imports of the same period of the last year. These facts and information have been revealed and published by Pakistan Bureau of Statistics (PBS) few days back.

Telecom imports facts and figures

It has been according to details that by far the overall import of telecommunication products just stood and remained at $193.229 million in the time of July-August (2015-16), they were actually recorded to be $270.219 million at the time of July-August (2014-15), now we have been seeing the marking of a negative growth of 30.80%. It has also been observed that among the telecom products, we have the imports of mobile phone that just found to be decreased by 8.49% and now they have gone down from $115.159 million last year to this number, $105.378 million during this current fiscal year. It has also been witnessed that overall kind of telecom imports also saw a decay of 46.45% and imports have just been massively dropped from $164.060 million to $87.851 million.

Just the telecom sector was managed to attract nearly and about $126.9 million Foreign Direct Investment (FDI) during the last 11 months as reported by the State Bank of Pakistan few months ago.

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It has been reported that imports of telecommunication products have been decreased and reduced greatly in Pakistan. It has been seen that a percentage of around and just 31 percent of telecom imports have been seen during the time of July-August of this current fiscal year (2015-16) when we compare…

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