BMI View: BMI expects Pakistan’s consumer electronics market will grow by around 6% in 2013. We have revised down our forecast, after modest growth in handset imports in 2012 was followed by a decline in Q113 in this key category of consumer electronics demand. The Pakistani consumer electronics market has considerable potential, but it is constrained by a large grey market, poor IP protection, an unstable economic and security situation, and weak distribution channels. On the bright side, remittances have staged a recovery since September 2012, and this supports our forecast for solid but reduced private consumption growth in 2013. …
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