External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Distributors / Thematic (Sector/Industry)

<ul><li>As per the latest data released by the Pakistan Telecommunication Authority (PTA), local mobile companies have manufactured/assembled 4.26mn units, up 13x YoY and 2x MoM in Jun-2024.</li><li>The significant MoM growth in mobile sales in Jun-2024 is due to pre-buying following the announcement of an 18% GST on all mobile phones in the FY25 budget.</li><li>In 1H2024, total locally manufactured/assembled sales reached 17.34mn units up 3x YoY. This significant improvement is mainly due to the import restrictions imposed last year.</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 4.26mn units, up 13x YoY and 2x MoM in Jun-2024.The significant MoM growth in mobile sales in Jun-2024 is due to pre-buying following the announcement of an 18% GST on all mobile phones in the FY25 budget.In 1H2024, total locally manufactured/assembled sales reached 17.34mn units up 3x YoY. This significant improvement is mainly due to the import restrictions imposed last year.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: Pakistan Market: Local Mobile Phones Record Sales in Jun-2024