The government of Pakistan was committed to develop and promote the mobile devices manufacturing industry of Pakistan as part of electronic products manufacturing initiative, said Abdul Razak Dawood.
Adviser to the Prime Minister on Commerce, Textile, Industries and Investment Abdul Razak Dawood said while chairing a meeting on Draft Mobile Device Manufacturing Policy prepared by Engineering Development Board (EDB) that the policy will attract new investment, generate employment and make Pakistan global player for electronics manufacturing.
According to a statement issued from the ministry, the adviser highlighted that draft policy envisages incentives for local Manufacturing, assembly of mobile devices, which will expectedly shift the focus from import of mobiles in completely built units to semi- knocked down and completely knocked down condition.
Dawood said that the device collection through imports will be substituted by import of CKD kits at rationalized duty structure and enhancement of duty on CBU imports, thus making local assembly/manufacturing feasible vis a vis imports of mobile devices in CBU conditions.
He emphasized that the proposed policy will attract domestic and foreign direct investment in the engineering sector. Special Economic Zones provided technical and financial support in the form of various incentives by granting tax holidays and duty exemptions on parts used in the manufacture of mobile phones and other electronic products.
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27 September, 2019