Pakistan has made some genuine advances in the right direction with regard to business in Year 2021 despite grim news on the economic and economic governance front.
The country has taken scores of steps this year required to keep the economy on the right trajectory.
Pakistan Produces Mobile Phones
Pakistan produced as many as 18.87 million mobile phones during the first ten months of 2021, Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood unveiled.
“During the period of Jan to Oct 2021, domestic manufacturing mobile plants in Pakistan produced 18.87 million mobile units, including 7.93 mln 4G mobile phones, compared to 9.45 million imported mobile phones,” he tweeted.
Earlier this month, Beijing-based smartphone manufacturer Xiaomi Inc. unveiled plans to manufacture smartphones in Pakistan in collaboration with a local distributor Air Link Communication Limited.
Dawood said they will be extended the production facility in the Quaid e Azam Industrial Estate in Lahore. Their manufacturing unit will be functional by January 2022 and will mean employment opportunities for about 3,000 people.
The Pakistan Telecommunication Authority (PTA) in August said that the production of mobile phones by local manufacturing plants has surpassed the number of mobile phones being imported in the country.
During Jan-July 2021, the production of mobile phones by local manufacturing plants was 12.27 million and imported mobile phones was recorded at 8.29 million, the...
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