Advertisement
News

13.86 Million Smartphones Produced Locally in First 9 Months of 2024

Advertisement

In the first nine months of 2024, Pakistan’s local mobile phone assembly industry produced 22.59 million units, with 13.86 million being smartphones and 8.73 million basic 2G devices. Despite economic challenges and rising interest rates that have weighed on the industry since 2022, production remains robust.

In addition to locally produced units, 1.1 million mobile phones were imported from January to September this year. Infinix led the market, producing 2.79 million units during this period, despite a broader industry decline since 2022.

According to the Pakistan Telecommunication Authority (PTA), local production stood at 24.66 million devices in 2021. By 2023, this figure had dropped by 13.71%, to 21.28 million, largely due to economic pressures. Commercial imports of smartphones also plummeted, dropping from 24.51 million in 2020 to just 1.58 million in 2023. The decline in imports has been driven by restrictions from the central bank aimed at managing the trade deficit and conserving foreign currency.

However, signs of recovery are emerging as the economy improves and the central bank cuts interest rates. With growing internet services across the country, the use of smartphones has surged, now accounting for 64% of all devices on the network, up from 59% in 2023 and 56% in 2022. Meanwhile, the share of 2G devices has fallen to 36%, down from 41% last year and 44% in 2022.

Despite the challenges, Pakistan’s mobile phone production remains a key part of the country’s manufacturing sector, and with economic conditions improving, further growthis anticipated.

Advertisement
Izaan Zubair

With a passion and curiosity for technology, Izaan is a seasoned writer with four years of experience. His expertise lies in translating complex tech updates into engaging stories. Beyond technology, Izaan keeps a finger on the pulse of worldly news, crafting exclusive narratives that inform and inspire his readers.

Recent Posts

IHC Bans Parcel Deliveries in Educational Institutes to Curb Drug Abuse

The Islamabad High Court has issued a sweeping ban on parcel deliveries to students at…

3 hours ago

A Historic and Decisive Victory for Pakistan – Strategic Supremacy Asserted

Pakistan has achieved what many are calling a landmark and historic military victory, demonstrating decisive…

2 days ago

Aga Khan University’s Centre of Excellence in Women and Child Health Launches Immunization Project in Balochistan

The Aga Khan University’s Centre of Excellence in Women and Child Health (CoEWCH) at Aga…

2 days ago

Daraz Pakistan Partners with UnionPay International to drive digital payments growth

Daraz Pakistan, the country’s leading e-commerce platform, has announced a strategic partnership with UnionPay International,…

2 days ago

Currency market ready to provide USD 1 Bln monthly if needed: Malik Bostan

Chairman of the Exchange Companies Association of Pakistan (ECAP), Malik Bostan, said that Pakistan’s currency…

2 days ago

Mental Health Requires Focus, Positivity and Purpose, Says Psychologist Dr Imran Yousuf

Renowned psychologist Dr Muhammad Imran Yousuf (Sitara-e-Imtiaz) stressed the need for focused effort, positive habits,…

3 days ago