November 23, 2024
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    Mobile Sector shows a remarkable increase Featured

    December 20, 2014

    The mobile phone sector has been showing a remarkable increase during the past few years. The mobile phone subscribers have increased to 21.7 million by the end of third quarter of 2014.

    Total telephone subscribers including both fixed and mobile services increased from 22.96 million to 24.4 million during the period of third quarter in 2013 and 2014, indicating 6.5 percent growth in ‘Post and telecommunication’ sub sector.Banking, Insurance and Real Estate sector recorded 6.8 percent growth in third quarter of 2014 compared to 6.7 percent growth reported in the same quarter in 2013.

     

    Average Weighted Lending Rate (AWLR) and Average Weighted Deposit Rates (AWDR) were recorded low rates of 12.98 percent and 6.83 percent 10 respectively in the third quarter of 2014 compared to the recorded rates of 15.7 percent and 9.9 percent respectively in the third quarter of 2013.

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