Technical Development Board (EBD) Chairman Almas Hyder revealed on Sunday that a record 46 million smart and functional mobile phones have been assembled in Pakistan in the 11 months of the current fiscal year.
He said that during the period under review, 20 million smart mobile phones have been assembled, of which 99% have so far been sold in the markets, while 26 million functional mobile phones have been assembled, of which 97% have been purchased, according to a press release.
He said cell phone parts worth $1.9 billion had been imported into Pakistan by the assemblers.
He said a total of 31 local and foreign mobile phone companies have been granted licenses, of which 21 are operational while the rest are in the process of setting up production plants, including Nokia.
Almas said only one foreign company imported 3.8 million cellphones during this period, which will also establish a factory in Pakistan.
Almas Hyder said that locally assembled smart and best quality mobile phones equipped with ultra modern technology have restored the confidence of buyers in Pakistan which he added is much cheaper and more economical than mobiles assembled abroad.
He said the times when mobile phones are assembled and immediately absorbed by the market are a testament to the good governance and transparent policy pursued by the EDB to attract local and foreign investment in Pakistan.
He said Pakistan’s engineering industry has great potential for growth and contributes significantly to national development for robust economic activities.
He said he was fully committed to strengthening the engineering base by attracting foreign direct investment in this sector.
He said we have one of the best liberal investment regimes in the region coupled with an abundance of natural resources and labor.
The EDB strives to harmonize and align all standards in order to have a better and conducive business environment for all businesses in Pakistan, especially foreign investors.
The EDB also makes every effort to help investors realize their
commitments into reality by emphasizing the maximum simplification of procedural hassles through various initiatives, he concluded.