Advertisement
Advertisement
Advertisement
Advertisement
Pakistan exports 5,500 ‘Made in Pakistan’ smartphones to UAE

Pakistan exports 5,500 ‘Made in Pakistan’ smartphones to UAE

Pakistan exports 5,500 ‘Made in Pakistan’ smartphones to UAE
Advertisement

KARACHI: Pakistan’s mobile phone manufacturing company Inovi Telecom Pvt Ltd has exported 5,500 units of 4G handsets to the UAE, becoming the first Pakistani firm to export mobile phones.

The Pakistan Telecommunication Authority (PTA) has issued mobile manufacturing authorisation licence to Inovi Telecom in April 2021. Within four months, the company has started manufacturing and exporting made-in Pakistan smartphones.

The UAE is the first country where Inovi Telecom has shipped its first consignment. The company will export “Manufactured in Pakistan” handsets to other markets, as well.

The authority congratulated the company for this landmark achievement, which is a result of concerted efforts for the development of the mobile device manufacturing ecosystem in the country.

Pakistan is looking to boost the local telecommunication manufacturing sector through and reduce dependence on imports of telecom products.

Advertisement

In July, South Korean electronics giant Samsung signed a deal with Pakistan’s Lucky Group to produce Samsung mobile phones in the South Asian country.

The production facility is anticipated to be completed by the end of December 2021. On August 10, the PTA also issued a licence to Lucky Motor for manufacturing Samsung brand mobile devices.

In addition, numerous Chinese mobile phone manufacturing companies would set up their plants in Pakistan that would boost the country’s exports besides generating more jobs, Lt Gen Asim Saleem Bajwa (Retd), former chairman of the China-Pakistan Economic Corridor (CPEC) Authority said.

According to the data released by the Pakistan Bureau of Statistics, the import of mobile phones and other telecom products increased 47 per cent during the first 11 months of 2020/21, as the value reached $2.337 billion, compared with $1.58 billion during the same period last year.

The mobile phone imports accounted for $1.86 billion during the first 11 months of 2020/21. In May 2021, Pakistan imported mobile phones worth $175.501 million, representing 17.79 per cent growth over April 2021.

“The successful implementation of the Device Identification Registration and Blocking System (DIRBS) and enabling government policies, including the Mobile Manufacturing Policy have created a favourable environment for mobile device manufacturing in Pakistan,” the PTA said in a statement.

Advertisement

The government has levied no new taxes on telecom and internet usage.

Also Read

‘Manufactured in Pakistan’ phones exported to UAE
‘Manufactured in Pakistan’ phones exported to UAE

Pakistan has become the smartphone exporter after sending the first-ever shipment tagged...

Advertisement
Advertisement
Read More News On

Catch all the Business News, International News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Follow us on Google News.


End of Article

Next Story