Treasure Magazine

Treasure Magazine

Samsung to set up mobile assembling plant in Pakistan

2 min read
Samsung

ISLAMABAD: Following the announcement regarding incentives on industrialization in Pakistan, the Samsung Company has decided to set up a mobile assembling unit here in next six-month with KIA and Ibrahim Son.

Secretary Ministry of Industries and Production Tuesday informed Parliamentary Panel that two companies KIA and Ibrahim Sons had been shortlisted.

Nowadays, Pakistan is producing 1 million mobile phones in a month against its monthly demand of 3.6 million mobile phones.

Secretary Ministry of Industry and Production admitted in the Senate Standing Committee that there is corruption in the Utility Store Corporation. The goods of the Utility Store Corporation are sold in the market, besides the equipment of the Utility Stores is also wasted.

The meeting of the Standing Committee on Industry and Production was held yesterday. The Secretary of Industry and Production further said in the briefing that tax concessions have been given to electric vehicles, charging infrastructure for electric vehicles will be set up, and taxes and duties at charging stations have been abolished. Yes, there are allegations of under-invoicing in electric vehicles.

Customs has fixed the average import price of electric vehicles. The Secretary of Industry and Production further said that additional taxes have been levied to discourage wool money. If they do so, they will withdraw the concessions. Pakistan’s vehicle manufacturing capacity has reached 418,500 and the annual consumption of vehicles in Pakistan is 3.5 million vehicles.

In the briefing, the Secretary of Industry and Production said that mobile companies have arrived in Pakistan, Samsung is going to set up a mobile assembly unit in Pakistan, in the next six months Samsung will set up a mobile assembly unit in Pakistan. Two companies have been shortlisted and Ibrahim Sons. Pakistan is producing 1 million mobile phones a month and Pakistan’s monthly demand is 3.6 million mobile phones.