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Smartphone adoption rate in Pakistan on rise

08:56 PM | 29 Nov, 2015
Smartphone adoption rate in Pakistan on rise
ISLAMABAD (APP) - The dropping prices of smartphones in Pakistan and elsewhere is likely to boost adoption rate of smartphones as compared to featured phones to 51 per cent by 2020.

Current smartphone adoption rate of 15 percent in Pakistan is likely to grow to over 300 percent to reach 51 percent within next five years as primary barrier for adoption of smartphones, i.e. prices are coming down to below 100 $ dollars, a report entitled “Building Digital Societies in Asia” published by GSMA said.

The report said average price of smartphones dropped down to 200 $ in 2014, down from 329 $ in 2008. Further down the line, smartphones below 100 $ are now becoming a reality, however, there is a clear need for more vendors manufacturing these low prices phones to become more common in growth markets like Pakistan.

The report further said under 100 $ smartphones currently account for over 40 % of total smartphones in India and since below 100 $ smartphones have started to surface in Pakistan, the smartphone adoption rate will grow incrementally to around 80 million by year 2020.

Report said that ultra-low-end smartphones are of particular relevance in emerging markets because handset subsidy from operators – such as they offer in various developed markets – has comparatively low application in developing markets, making it hard for masses to adopt smartphones.

Moreover, since low-income segment dominates in developing markets, these ultra-low end smartphone becomes handy and only way for them to adopt smartphones and ultimately the internet.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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