Pakistani mobile phone manufacturers, both domestic and international, have announced a massive price reduction on over 20 smartphone models in an attempt to increase sales.
There have been notable price reductions of up to Rs10,000 for almost twenty cellphones.
This decline is consistent with the nation’s improving economic prospects, pointing to a possible slowdown in the rate of inflation.
Price reductions on a total of twenty smartphone models, ranging from Rs400 to Rs10,000, have been made by both local and foreign mobile phone manufacturers operating in Pakistan in response to this economic trend.
The development was confirmed by mobile phone associations and the business community. They added that the companies had significantly lowered the cost of keypad mobile phones.
In light of current economic statistics, this step is encouraging and should draw in additional business before the current fiscal year ends in 2023–2024.
Furthermore, reports show that the cost of entry-level keypad mobile handsets has somewhat decreased, with reductions of up to Rs 500 noted.
The choice to cut pricing is influenced by a number of factors, such as the improving economic outlook and the need to meet sales targets despite higher production levels.
The goal of the most recent price changes, according to representatives of several businesses, is to encourage stability in Pakistan’s phone sector.
Although the precise list of smartphones that would benefit from price reductions has not yet been made public, it is anticipated that this action will increase consumer access to cutting-edge technology at more reasonable costs.
According to reports, the companies had to announce a large price reduction because they were unable to reach their sales goals despite increased output.
Although the exact list of smartphones that will receive price reductions has not yet been made public, it is expected that this change would give customers greater access to cutting-edge technology at more reasonable prices.
It is anticipated that this development will boost the market for mobile phones and possibly encourage more consumer expenditure in the industry.