Samsung to Start Local Manufacturing of Smartphones in Pakistan Soon
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| Samsung to Start Local Manufacturing of Smartphones in Pakistan Soon |
A Meeting of the Senate Standing Committee on Industries and Production was held under the chairmanship of Senator Syed Faisal Ali Subzwari at the Parliament.
The members of the Committee received a comprehensive briefing from the Secretary, Ministry of Industries & Production, on how the Industries and Production Division aims to facilitate industrial growth in the country.
Ministry officials apprised the Committee members that mobile handset industry giant Samsung is also poised to enter the local market. Samsung has shortlisted two companies for local manufacturing after obtaining the authorization certificate.
He informed the Parliamentary Panel that two companies, KIA and Ibrahim Sons, have been shortlisted.
The secretary further apprised the committee members that an R&D allowance of 3 percent is given to local manufacturers as an incentive for encouraging exports of mobile phones. Locally assembled/manufactured phones are also exempted from 4 percent withholding tax on domestic sales.
Senator Walid Iqbal termed this initiative as a success story on the part of the Ministry of Industries and Production.
It was further informed that 85 percent of the total mobile phones in the country are imported every year. Twenty-one new companies have been authorized to start local manufacturing/Assembly (Vivo, Airlink, Inovi, telecom, OPPO), boosting the local industry of the mobile handsets for domestic market and exports.
The committee also discussed the plans and programs of the Ministry and its attached departments.
EVs & Charging Stations
The committee participants also discussed in detail the Electric Vehicle Policy. Senator Faisal Saleem Rehman raised the question of the energy consumption of electric vehicles. The committee was informed that there is ample capacity in terms of energy. The Chairman Committee sought comprehensive reports and a survey regarding the charging stations and energy consumption by electric vehicles.
n the engine capacity up to 1000cc, Rs. 100,000 on up to 2000cc and Rs. 200,000 on above 2000cc has been imposed. This measure has been introduced as a deterrent to the practice of ‘Own Money.’Senator Fida Muhammad, while discussing the SME policy, raised questions on the role of the Ministry of Industries and Production in the field of Agriculture. “Pakistan is an Agricultural State and I don’t see any development plan for the agriculture sector,”
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