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Reading: Pakistan’s Mobile Manufacturing Policy Draws $200 Million Investment
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PhotoNews Pakistan > Tech > Pakistan’s Mobile Manufacturing Policy Draws $200 Million Investment
Tech

Pakistan’s Mobile Manufacturing Policy Draws $200 Million Investment

Web Desk
By Web Desk Published January 11, 2024 2 Min Read
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Pakistan’s Mobile Device Manufacturing Policy has significantly matured, attracting an impressive investment of $200 million. This development has brought major industry players on board, initiating a remarkable phase of domestic manufacturing.

The policy, which received approval from the Cabinet in June 2020, has issued 33 licenses to various mobile phone manufacturing companies. This initiative has been instrumental in generating employment for over 40,000 people, providing a substantial lift to the nation’s economy and employment landscape.

Industry sources indicate that this policy has positioned Pakistan as a prominent player in mobile device production. The country now hosts manufacturing facilities for nearly all leading mobile brands. Since the policy’s inception in 2021, it has facilitated the production of over 500 million mobile devices.

Apart from manufacturing mobile phones, the policy’s impact extends to the export sector. Pakistan has exported over 15 million mobile phones, reflecting the international competitiveness of its domestically produced devices.

The policy also encompasses the local production of components like packaging materials, chargers, batteries, and hands-free units. This expansion has streamlined the mobile device manufacturing industry and spurred growth in related sectors.

The successful implementation of the Mobile Device Manufacturing Policy marks a transformative moment in Pakistan’s technology and manufacturing sectors. The influx of investment and the thriving local manufacturing landscape underscore the nation’s dedication to advancing innovation and economic development in the digital era.

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