Table of Contents

Pakistan’s Mobile Phone Industry is At The Brink of Collapse

Almost all of Pakistan’s 30 mobile phone manufacturing facilities, including three facilities with foreign ownership, have ceased operations. This is because trade restrictions are causing a shortage of raw materials, endangering the employment of about 20,000 people.

Read More: Peri-Urban Housing Scheme to Be Launched in Punjab Next Month

The majority of companies have fired workers after paying them half of their April salary in advance and pledging to call them in once production started. However, a manufacturer of mobile phones voiced worry that the businesses were forced to fire employees during Ramadan due to the “incompetent and peculiar practices” of the finance ministry.

The limitations have made it challenging for importers to obtain a letter of credit (LC), a financial document that guarantees a buyer will pay a seller on time and in the correct amount. As a result, the import of essential machinery and parts required for the production of mobile phones has been restricted.

Read More: Restoration Team Discovers 400-Year-Old Tunnel in Lahore’s Shahi Qila

The Pakistan Mobile Phone Manufacturers Association (PMPMA) informed the IT ministry that there was a shortage of mobile phones in the market and that local mobile supply had all but stopped.

The situation was equally troubling for customers, according to Haji Abdul Rehman, head of the PMPMA, who had to pay significantly more for locally made mobile phones. The industry needs to import $170 million worth of components and parts each month to operate at maximum capacity, but imports have been halted due to government LC restrictions.

Read More: Revision of Islamabad’s Master Plan Faces Inordinate Delay

The majority of the raw materials used by manufacturers, which came from China, South Korea, and Vietnam, have almost run out, and banks had been warned not to take imports. As a consequence, Pakistan’s reputation as a mobile manufacturer has been severely damaged. Pakistani manufacturers have sent their employees home, and 90% of Chinese exports have returned to China.

In order for the industry to run at half its normal capability, the PMPMA has asked the government to permit the import of the necessary quantity of parts.

Read More: Pakistan Railways Trial Run Between Newly Linked Tracks A Success

CEO of Air Link Communication Ltd. Muzzaffar Hayat Piracha is concerned about the future of the industry as a whole because it is difficult to revive a sector that has been extensively shut down. Twenty thousand young Pakistanis are employed immediately and another twenty thousand are employed indirectly in the mobile phone industry.

You can also invest in other famous and most in demand housing societies, such as , Blue World City,  Rudn Enclave7 Wonders City PeshawarTaj ResidenciaKingdom Valley,  New Metro City Gujar KhanForest Town RawalpindiUniversity Town RawalpindiICHS TownPark View City IslamabadMulti Gardens B17 Islamabad and Nova City Islamabad.

Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/

Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2Prism Town Gujar KhanNew City ParadiseEighteen Islamabad7 Wonders City IslamabadCapital Smart City,  Silver City IslamabadThe Life Residencia,  Faisal Town IslamabadIslamabad Golf CityIslamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

Book Your Plot Now: +92 331 111 0005

Tags :

Share :

About Author
About Author

Syed Sadat Hussain Shah

Leave a Reply

Your email address will not be published. Required fields are marked *