STAFF REPORT ISB: The Ministry of Information Technology is engaged with international telephone manufacturing companies to establish local manufacturing as well as assembling units in Pakistan through Public Private Partnership (PPP) or otherwise.
Local smart phone manufacturing can empower communities and increase employment rate as well as restore investors confidence in the country and also help bring valuable foreign direct investment (FDI).
However, in order to support and facilitate local manufacturing, the ministry after consultation with the relevant stakeholders has launched a special incentive package for local manufacturing of cellular mobile phones in Pakistan.
This package has attracted M/s Haier to set up assembly line for smart phones in Pakistan. Now M/s G-Five has also requested PTA for NOC to establish manufacturing units in Pakistan.
It is worth mentioning here that the ministry has decided to float Expression of Interest (EoI) for local manufacturing of mobile phones and smart meters under the revival and revitalization plan of Telephone Industry of Pakistan (TIP).
TIP has become non-functional as its annual revenue has gone down drastically to about Rs 20 million from Rs 700 million in the recent past.
Various companies have shown interest to review this project on Public Private Partnership (PPP) model. TIP has adequate land holdings of 432 kanal and infrastructure besides skilled manpower, assets that can benefit investors here.