Chairman Engineering Development Board (EBD) Almas Hyder Sunday disclosed that a record number of 46 million smart and feature mobile phones were assembled in Pakistan in 11 months of the current fiscal year 2021-22.
He said during the period under review, 20 million smart mobile phones were assembled of which 99 percent so far sold in markets while 26 million feature phones were pieced together of which 97 percent were sold.
He said mobile phone parts valued at $1.9 billion were imported to Pakistan by the assemblers during the period under review.
A total of 31 local and foreign mobile phone companies were awarded licences of which 21 are operational while the remaining are in process of setting up production plants including Nokia.
Almas said only one foreign company imported 3.8 million feature phones during this period which is also now going to establish its production plant in Pakistan.
He said the mobile phones are assembled and immediately absorbed in the market which speaks of good governance and transparent policy being pursued by the EDB for luring local and foreign investment in Pakistan.
He said Pakistan’s engineering industry has a large potential to grow and contribute a significant role toward national development for robust economic activities.
He said he is 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 plenty of natural resources and manpower.
The EDB is endeavoring to harmonize and align all standards to have a better and more favorable business environment for all businesses in Pakistan, especially foreign investors.
The EDB is also making all-out efforts to facilitate investors to materialize their commitments into reality with a focus to simplify the procedural hassle to the maximum extent through various initiatives, he concluded.