Despite the decline, overall sales and production in the first seven months of 2024 have surged compared to 2023.
Summary: The local manufacturing of cellphones in Pakistan witnessed a significant decline in July 2024 due to the imposition of an 18% General Sales Tax (GST) in the 2024-25 budget, as reported by 24NewsHD TV. The Pakistan Telecommunications Authority (PTA) revealed that cellphone production in July 2024 dropped by 62% compared to the previous month, marking a 20% decrease compared to July 2023. Despite this downturn, over 1.6 million cellphones were still manufactured locally in July 2024.
PUBG MOBILE Announces Version 3.3 with Urdu Language Setting
However, the PTA’s report also highlighted a contrasting trend, noting a sharp rise in cellphone sales during the first seven months of 2024 compared to the same period in 2023. This increase in sales contributed to the production of over 10 million cellphones, doubling the number manufactured during the first seven months of last year. This suggests that while the recent tax has impacted production, overall demand remains robust.
TechVue360 Team Thrives at ITCN Asia 2024 Conference A Glimpse into the Future of IT
The report reflects the complex dynamics of Pakistan’s cellphone industry, where tax policies influence production, but strong consumer demand continues to drive growth in the sector.
- Study Finds 41% of LinkedIn Posts Written by AI
- TECNO Brand Day on Daraz Offers Up to 14% Off on CAMON 50 Series – Limited Time Only
- S&P Global Pakistan and TiE Islamabad Launch “Project Elevate” to Mentor 600+ Young Professionals
- vivo Pakistan Teases X300 FE: The Light Imaging Flagship is Almost Here
- PTA Tax for iPhone 15 Series in Pakistan: Latest Rates for CNIC and Passport Registration
