| Metric | Value | Source | Measured |
|---|---|---|---|
| Pakistan watch market revenue | ~US$854 million (2025) | Statista Market Forecast | 2025 |
| Projected market growth | 5.02% CAGR, 2025-2030 | Statista Market Forecast | 2025 |
| Active listings on WatchBazar | 99 | WatchBazar catalogue | 13 Sep 2026 |
| Catalogue median asking price | Rs 25,000 | WatchBazar catalogue, 99 listings | 13 Sep 2026 |
Yes, and it shows up in enforcement records, not just anecdotes. In March 2025, Pakistan's Federal Board of Revenue raided luxury watch outlets in Karachi, including one at Dolmen Mall, after finding it had declared only Rs 65 million in sales over three years while its actual stock was valued between Rs 2 million and Rs 10 million per watch. FBR investigators estimated the outlet's real sales at around Rs 700 million against a declared stock value of just Rs 40 million, and stated that most of the luxury watches involved had entered the country through smuggling rather than legal import channels.
This wasn't an isolated tip-off. It reflects a pattern that has drawn attention from Pakistan's tax and customs authorities repeatedly: high-value watches moving through informal or undeclared channels, which makes it difficult for a buyer to know whether what they're looking at has a legitimate paper trail at all.
Because nobody actually measures the informal watch market directly. Older figures claiming a specific "percentage of the market is fake" have circulated for years, but the ones we could find date back over two decades and predate the growth of e-commerce, changes to import duties, and the current enforcement environment entirely. Using a 20-year-old number as if it describes today's market would be misleading, so this guide won't repeat one. What is verifiable is that enforcement cases, industry commentary, and buyer complaints all point to the same conclusion: counterfeit and undeclared watches remain a real and current part of Pakistan's market, not a historical problem that's gone away.
Not every problem watch is an obvious counterfeit. Buyers and online forums frequently report a specific pattern sometimes called a "fitted" watch: a case that isn't genuine, sometimes paired with a real movement, or aftermarket dials and hands assembled to look like an authentic piece. These are harder to spot than an outright fake because part of the watch may be real. Common complaints include misaligned minute tracks, movements that lose several minutes a day, or watches that fail entirely within weeks.
Separately, watches can be genuine but smuggled, meaning they entered the country without duties being paid or proper documentation. A smuggled genuine watch isn't a counterfeit, but it usually comes with no warranty, no verifiable sales record, and no accountability if something goes wrong.
Three practical risks, regardless of which category a problem watch falls into:
This is exactly why identity verification and a review process for every listing matter more in this market than in one with strong consumer protection infrastructure already in place. For a detailed walkthrough of what to check before buying, see WatchBazar's guide to verifying an authentic watch.
Every seller on WatchBazar goes through a direct evaluation before their store goes live, rather than an open self-signup form. If you're weighing WatchBazar against buying from an open marketplace or a Facebook group, browse current verified listings to see what's actively available from evaluated sellers.
Market size and growth figures are from Statista's Watches - Pakistan market forecast (2025 estimate, 2025-2030 CAGR). The FBR enforcement case is reported by Profit by Pakistan Today (March 2025), citing a private television channel's coverage of the raid. WatchBazar catalogue figures (listing count, median price) are pulled from WatchBazar's live product database and regenerate on every site build, current as of 13 September 2026. No percentage estimate for counterfeit market share is presented in this guide, since no current, reliable source provides one.
WatchBazar, "Fake and Smuggled Watches in Pakistan", 2026-09-13. https://www.thewatchbazar.com/blog/fake-smuggled-watches-pakistan/