Islamabad July 18 2024: According to the latest data from the Pakistan Bureau of Statistics (PBS), sales of electrical appliances decreased compared to the previous year, mainly due to higher inflation and increased energy prices.
During the first 11 months of Fiscal Year 2024, that runs from July to June, Air Conditioner sales dropped by 34 percent YoY to 199,425 units from 304,047 units in the same period last year. In May 2024 alone, sales declined by 36 percent to 21,227 units.
Similarly, Deep Freezer production fell by 5 percent YoY to 93,018 units during 11MFY24, but saw an 18 percent YoY increase in May 2024 to 8,747 units.
In contrast, Electric Fan sales showed a 3 percent increase to 2,014,000 units during 11MFY24.
Source:
PBS
