External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Telecom services / Thematic (Sector/Industry)

<ul><li>As per the latest data released by the Pakistan Telecommunication Authority (PTA), local mobile companies have manufactured/assembled 2.23mn units (up 55% YoY) in May-2024. This takes 5M2024 total locally manufactured/assembled to 13.1mn units up 168% YoY.</li><li>This improvement is mainly led by import restrictions last year coupled with gradual economic recovery.</li><li>Pakistan now fulfils 95% of its mobile phone demand through local manufacturing/assembly, compared to a last 5-Years (2019-2023) average of 67% and 8-Years (2016-2023) average of 47%.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

As per the latest data released by the Pakistan Telecommunication Authority (PTA), local mobile companies have manufactured/assembled 2.23mn units (up 55% YoY) in May-2024. This takes 5M2024 total locally manufactured/assembled to 13.1mn units up 168% YoY.This improvement is mainly led by import restrictions last year coupled with gradual economic recovery.Pakistan now fulfils 95% of its mobile phone demand through local manufacturing/assembly, compared to a last 5-Years (2019-2023) average of 67% and 8-Years (2016-2023) average of 47%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Topline Flash Note: Local Manufacturing/Assembly of mobile phones up 55% YoY in May-2024