Mobile phone prices decline in Pakistan

ISLAMABAD: In a notable trend sweeping across Pakistan, mobile phone prices have declined significantly much to the delight of the customers.

Reports indicated that mobile phone prices have plummeted by a staggering 20 to 40 per cent, reshaping the landscape of consumer electronics.

According to market sources, flagship smartphones once commanding a hefty price tag of Rs100,000 have now become accessible to the masses, with prices ranging from Rs65,000 to Rs70,000.

Similarly, mid-range devices previously valued at Rs64,000 are now available for less than Rs50,000, marking a significant shift in affordability for Lahore’s gadget enthusiasts.

Even more astonishingly, smartphones with a price tag of Rs50,000 are now within reach for as low as Rs35,000 to Rs38,000, signaling a democratization of high-tech gadgets in the local market.

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Entry-level mobile phones, once considered a luxury for many, are now priced at a more accessible Rs20,000, opening doors to connectivity for a wider segment of the population.

Notably, this drastic decline in mobile phone prices in Pakistan comes at a time when the nation is experiencing a surge in mobile phone imports, with a remarkable 121 percent increase observed in the first three quarters of the current fiscal year.

Analysts are puzzled by this juxtaposition of increased imports and decreased prices, speculating on its implications for the future of consumer behavior in Pakistan.