Pakistan’s Mobile Manufacturing Sees Crucial Growth During 2024

Pakistan’s Mobile Manufacturing Sees Crucial Growth During 2024

Mobile Phone Manufacturing Industry Outlook:

About the mobile phone manufacturing, the PTA ensures that the dossier of manufacturing mobile phones has double during the first six months of 2024. According to the updated data of PTA, the total mobile production in the country manufactured by the manufacturers were 17.34 million. For the first half of the year 2024 the destination imported 34 million mobile phones compared to the previous year.

Initiatives Boost Local Manufacturing:

It has benefited from the laid down government policies and projects in the manufacturing sector especially in the manufacture of mobile devices in conformity to the Mobile Device Manufacturing Policy 2022. This has made several global companies to engage in production of their products which consequently has provided more employment to the population.

Infinix Leads Mobile Phone Production in Pakistan:

After that, Infinix overtook mobile phone production in Pakistan for the first half of 2024 and was 2. 49 million units. TECNO and Itel occupied the second place with each of them manufacturing one. 89 million and 1. 83 million units, respectively. However, the total production has been decreasing especially from the year 2022, this is hitches that are attributes to economic challenges like high interest rates that have restrained the growth of industries from the domestic markets.

The PTCL and the Pakistan Telecommunication Authority continued that the production number went down in the years. In 2021, 24. 66 million devices were produced but this laid down to 21. 28 million units in 2023, which is approximately 13 percent less than today’s achievement. 71%. The commercial import sector on the other hand, cut it even lower to as low as twenty-four percent. A year earlier, the demand shrunk to 51 million units and it may hit the 1 mark in the future. 58 million in 2023. This reduction has recently been attributed mainly to the declines in import business due to the following steps taken by the central bank to decrease the imported goods into the country in a bid to solve the trade deficit and the competitive out flow of foreign currency.

However, expansion in the internet services has given boost to the usage of smartphones in Pakistan. In the current year, mobile phone’s penetration represent 61 percent of devices connected to the network, a performance that was 59 percent in 2023 and 56 percent noted in 2022. On the other hand, the usage of the 2G devices usage has reduced to 39% from 41% in 2023 and 44% in 2022.

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Key Highlights:
  • 17.34 million mobile phones produced in H1CY24
  • Increased production capacity and improved quality
  • Job creation and foreign investment
  • Government support through Mobile Device Manufacturing Policy 2022
  • Increased competition and better products
  • Export potential and reduced dependence on imports