Karachi: Export of mobile phones will start soon which will provide foreign exchange to the country.
80 to 85% of the mobile phone market in Pakistan is 200 200 or less. The export of mobile phones will start soon which will provide foreign exchange to the country. This was stated at a meeting chaired by Federal Trade Adviser Razzaq Dawood to review the progress of make-in policy and export activities of locally manufactured mobile phones. The meeting was informed that under the mobile manufacturing policy, incentives were given to increase the production of mobile phones in Pakistan.
The meeting was informed that the smuggling of mobile phones costing less than 200 200 is now taking place in Pakistan, PTA has stopped smuggling of mobile phones under DIRBS, the meeting was informed that manufactured under manufacturing policy. And imports of CBUs are declining.
Imports of mobile phone parts are on the rise, with CBUs imports falling 73 percent to 17 179 million during July-November 2021, saving 10 410 million in foreign exchange. CBUs imported 66 661 million during the same period last year.
The briefing said that the mobile manufacturing policy resulted in a saving of 4 410 million in foreign exchange, imports of mobile phone parts for the local assembly from 13 133 million last year, and imports of mobile phone parts 674 in the current financial period. Imports of mobile phone parts increased by 407% to US 1 million. Addressing the meeting, Federal Trade Adviser Razzaq Dawood said that now smartphones have become a necessity.
Now SMEs run their business on mobile phones. He said that when our government came, Pakistan was an importer of mobile phones but now the situation is different, job opportunities are also being created in this sector. Speaking to Express Tribune, Amir Awala, CEO of TechnoPak Electronics, said that it shows how an industry can get foreign investment with government intervention and encouragement.
