Smartphone Assembly Units May Shut Down in Pakistan: Report
Smartphone Assembly Units May Shut Down in Pakistan: Report Local smartphone assembly has grown exponentially in Pakistan over the past few years. Recently, some major brands such as Samsung and Xiaomi set up their mobile phone assembly units here with hopes to lower prices for handsets locally. However, local phone production may be coming to an end soon as two plants are on the verge of halting production due to a lack of funds from imports from LCs which were suspended last month due to trade limitations imposed by the central bank.Smartphone Assembly Units May Shut Down in Pakistan: Report
Naturally, this is causing concern among different manufacturers and their respective business units who will have difficulty sustaining without importing materials or products – according to a recent interview conducted with Tecno Pack Electronics CEO Aamir Allawala in which he said.
Smartphone Assembly Units May Shut Down in Pakistan: Report
Local smartphone assembly has been rising steadily in Pakistan for quite some time now. Several major manufacturers such as Samsung and Xiaomi have set up their own mobile phone production facilities here, hoping to offer cheaper products to the people of Pakistan.However, this may soon come to an end with many different factories halting production because they cannot obtain goods such as raw materials; all thanks to a lack of LC’s since May 20th from all across the country.The State Bank of Pakistan has reassured people that nothing drastic will happen and that there is still enough cash available at commercial banks for these necessary transactions.Smartphone Assembly Units May Shut Down in Pakistan: Report
In total, imports worth $4.7 billion were processed during just the month alone so far – which isn’t too shabby! With international phone makers left without hope or comfort, Tecno Pack Electronics CEO Aamir Allawala had said
