Adviser tasks mobile phone makers with $1 billion exports target
ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood has tasked the mobile phone manufacturers and assemblers with the export target of $1 billion in the ongoing financial year.
During a meeting with the members of the Pakistan Mobile Phone Manufacturers Association (PMPMA) and other leading manufacturers and assemblers of the mobile phones, the adviser briefed the participants about the incentives given by the government to the local mobile manufacturers and assemblers through the Mobile Device Manufacturing Policy, 2020.
It has also been highlighted that additional incentives have also been given to the mobile industry to spur localisation so that the much-needed job opportunities could be created.
Dawood reiterated the importance given by the government to the “Made in Pakistan”-led economic growth. To achieve this, the tariff structure has been rationalised by creating a tariff differential between completely Built Up Unit (CBU) and Completely Knocked Down (CKD) and Semi Knocked Down (SKD) kits.
The adviser highlighted the incentives given to the exporters under the Export Facilitation Scheme, 2021 and stressed the need to scale up the production capacity so that exportable surpluses could be generated.
The companies should also share their investment plans so that procedural hindrances, if any, could instantly be addressed.
The adviser said mobile exporters should meet the target in line with the incentives given by the government.
The participants of the meeting acknowledged the government incentives to the local mobile manufacturers and assemblers of mobile phones.
They said if the existing trends continue, they will reach the exports target set by the government; however, they emphasised continuity of the policies and rebates to the exporters, which should be at par with the other regional countries.
Dawood assured them that the current policies would continue and additional incentives would also be given if export targets are met by the mobile manufacturers and exporters.
As mobile imports are going down, it is very encouraging to see manufacturing of mobile phones in the country, he said, adding that it is also creating new job opportunities for the locals and saving millions of dollars.
The adviser said: “We have a population of 22 million people with 50 per cent to 55 per cent youth. We need to focus on pro-industrialisation policies to create jobs for them. The only way forward is the “Made in Pakistan” philosophy.
Prime Minister Imran Khan has the vision of Digital Pakistan, and it can only be achieved once the smartphones are affordable and accessible to everyone, he added.
The Ministry of Commerce additional secretary, Engineering Development Board (EDB) chairman, representatives of Samsung, OPPO, Vivo, Tecno, Infinix, Inovi and other companies were also present on the occasion.
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