In a surprising turn of events, mobile phone markets in major cities like Lahore and Faisalabad are experiencing a significant decline in prices, leaving technology enthusiasts astounded.
Reports indicate that mobile phone prices have plummeted by 20 to 40 percent, marking a seismic shift in the consumer electronics landscape in Lahore.
Previously, high-end smartphones carried hefty price tags of around Rs100,000, but now, they are more accessible, ranging from Rs65,000 to Rs70,000.
Likewise, mid-range phones, once priced at Rs64,000, are now available for less than Rs50,000, making them a more viable option for gadget lovers.
What’s truly remarkable is the steep drop in prices for phones in the Rs50,000 range, now obtainable for as low as Rs35,000 to Rs38,000, allowing a broader demographic to embrace advanced technology.
Even basic phones, once considered a luxury, are now priced at Rs20,000, making them within reach for a larger population segment.
This downward trend in phone prices coincides with a surge in phone imports into the country, witnessing a substantial rise in the first three quarters of the fiscal year. Analysts are perplexed by this phenomenon and are closely examining its implications for consumer behavior in Pakistan.
The significance of this price revolution extends beyond mere financial implications. Phones play a pivotal role in the global digital revolution, and Pakistan, acknowledged as one of the fastest-growing phone markets, stands at the forefront of this transformative wave.
