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 phone companies manufactured/assembled 1.81mn units during Apr 2026, down 35% MoM compared to 2.79mn units in Mar 2026.</li><li>Cumulatively, local manufacturing/assembly reached 9.17mn units in 4M2026.</li><li>The YoY comparison for Apr 2026 and 4M2026 cannot be performed, as Apr and May 2025 numbers were published on a cumulative basis.</li></ul>

As per the latest data released by the Pakistan Telecommunication Authority (PTA), local mobile phone companies manufactured/assembled 1.81mn units during Apr 2026, down 35% MoM compared to 2.79mn units in Mar 2026.Cumulatively, local manufacturing/assembly reached 9.17mn units in 4M2026.The YoY comparison for Apr 2026 and 4M2026 cannot be performed, as Apr and May 2025 numbers were published on a cumulative basis.

パキスタン・テレコム：4月26日の携帯電話の国内製造・組立は前月比35％減