Fun #trade fact:
#Pakistan's #Imports of mobile phones on a monthly basis fell from $124M in FY21 to $27M in FY22.
πππHowever....
#Pakistan's #Imports of mobile phones on a monthly basis fell from $124M in FY21 to $27M in FY22.
πππHowever....
#Pakistan's #imports of Completely Knocked Down (CDK) kits of #mobile phones increased from $52.8M to $110.2M in the same period.
Overall, #imports of mobiles + CKD #mobiles did not change on a monthly basis, between FY21 and FY22 (177M versus 174M) ππ
Overall, #imports of mobiles + CKD #mobiles did not change on a monthly basis, between FY21 and FY22 (177M versus 174M) ππ
What I conclude:
1) The #import substitution argument to save #dollars is weak.
2) As I learned from @ashraf179, no forex saving, but foregone revenue: duties on parts are lower than on the final product.
3) There may be a job gain, but limited.
#funfact #trade #mobiles
1) The #import substitution argument to save #dollars is weak.
2) As I learned from @ashraf179, no forex saving, but foregone revenue: duties on parts are lower than on the final product.
3) There may be a job gain, but limited.
#funfact #trade #mobiles
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