Tag: Smartphone Prices

  • Imported mobile phones priced above Rs139,000 to become 25% more expensive

    Imported mobile phones priced above Rs139,000 to become 25% more expensive

    Prepare for a pinch in your pocket as the cost of imported mobile phones is set to rise in Pakistan.

    The Finance Bill 2024 has introduced a hefty 25 per cent sales tax on smartphone imports, along with IMEI registration, as part of the 2024-25 budget.

    This tax applies to phones valued above PKR 139,312 ($500), which includes most high-end and premium models.

    Popular flagships like the Samsung Galaxy S series and upcoming iPhones such as the iPhone 15 and iPhone 14 are among those affected. With their prices already soaring above Rs139,000, this tax increase will hit consumers hard.

    But there’s a twist: the 25 per cent tax only applies to fully assembled phones priced above $500. Phones in various stages of assembly, as well as locally manufactured ones, will still be taxed at 18 per cent, regardless of their value.

    For phones priced below $500, a flat 18 per cent tax rate will be applied, whether they’re fully assembled, partially assembled, or not assembled at all.

    This move is expected to boost government revenue by around Rs33 billion. So, brace yourselves for higher phone bills in the near future.

  • Will iPhone 15 Pro Max in Pakistan surpass the price of a Hyundai SUV in India?

    Will iPhone 15 Pro Max in Pakistan surpass the price of a Hyundai SUV in India?

    The iPhone 15 Pro Max with 256 GB of storage is initially priced at $1,100 in the United States, which, at the current exchange rate of Rs295, translates to approximately Rs325,000 in Pakistani rupee (PKR).

    However, it’s anticipated that the cost will significantly rise in Pakistan due to additional expenses like Pakistan Telecommunication Authority (PTA) approval and retailer margins.

    Given the precedent set by the iPhone 14 Pro Max, which currently retails for Rs540,000 in Pakistan, we expect the starting price of the iPhone 15 Pro Max to be around Rs555,000 or possibly even higher once local mobile shop owners import and sell them.

    Apple iPhones generally have higher price tags in Pakistan due to taxes and PTA approval fees, making it challenging to pinpoint the exact cost.

    Nonetheless, it’s reasonable to assume it will exceed Rs500,000, considering that the iPhone 14 Pro Max is already priced above this threshold in Pakistan.

    Additionally, a Pakistani website called Phonebolee suggests an expected price of PKR 643,999 for the Apple iPhone 15 Pro Max.

    In terms of comparisons to India, a report by DNA India highlights the astonishing prices of iPhones in Pakistan. It notes that the Apple iPhone 15 Pro Max, priced over Rs7.3 lakh in Pakistan, surpasses the cost of a Hyundai Exter 5-seater SUV, which is priced at INR 5.99 lakh in India.

    However, it’s important to be cautious about such comparisons, as they might not accurately reflect the actual market dynamics.

    Keep in mind that the exact price of the iPhone 15 Pro Max in Pakistan can vary among different retailers.

    Additionally, the exchange rate between the Indian rupee and the Pakistani rupee is approximately 1 INR to PKR 3.56. So, when comparing the INR 600,000 price of an SUV, it equates to approximately Rs2,136,800, or Rs2.1 million in Pakistani rupees, which is significantly higher than the expected price of the Apple iPhone 15 Pro Max.