Local Mmanufacturing/assembly of mobile phones down 23% MoM in Oct-25

As per the latest data released by the Pakistan Telecommunication Authority (PTA), local mobile phone companies manufactured/assembled 2.33 million units during Oct 2025, down 34% YoY from 3.53 million units in Oct 2024, due to a production slowdown amid an industry-wide inventory build-up.

According to a report from Topline Pakistan Research, the decline in mobile phone production is primarily driven by elevated market inventory levels. With distributors and retailers sitting on excess inventory, manufacturers have reduced production volumes to avoid further stock accumulation.

Cumulatively, local manufacturing/assembly reached 25.11 million units in 10M2025, down 4% YoY.

Of the 25.11 million units produced during 10M2025, 53% (13.2 million units) were smartphones, while the remaining 47% (11.9 million units) were 2G phones.

Pakistan fulfilled 94% of its mobile phone demand through local manufacturing/assembly in 10M2025, compared to the last 5-year (2020-2024) average of 77% and 9-year (2016-2024) average of 52%.

Top 10 locally assembled brands during 10M2025 include Infinix (3.12mn units), followed by VGO Tel (2.82mn units), Vivo (2.27mn units), Itel (2.06mn units), Tecno (1.62mn units), Samsung (1.48mn units), Xiaomi (1.31mn units), Q Mobile (0.93mn units), Realme (0.91mn units), and G’Five (0.84mn units).

Outlook:

As we advance, we expect mobile phone sales to grow by 7-8% YoY over the next 12 months, supported by a stable PKR, easing inflation, and improving consumer purchasing power.

Within the listed space, Airlink Communication (AIRLINK) and Lucky Cement (LUCK) stand to benefit from rising demand, as their locally assembled brands, such as Tecno, Xiaomi, and Samsung, rank among the top 10 in Pakistan.