Pakistan Aims for 50% Local Value Addition in Mobile Phone Manufacturing

local mobile phone manufacturing

ISLAMABAD: Pakistan is set to transform its mobile phone manufacturing sector with a new policy aimed at achieving 50% local value addition. The government is actively working on the Mobile Device Manufacturing Policy, which seeks to reduce reliance on imported components by fostering local production capabilities.

The Ministry of Industries and Production has outlined its vision to shift the industry from mere assembly to robust local component manufacturing. An official from the ministry stated, “This policy will not only enhance our self-sufficiency but also create job opportunities and stimulate economic growth in the technology sector.”

This initiative is expected to have significant implications for Pakistan’s economy, potentially reducing the trade deficit and bolstering the local technology ecosystem. By increasing domestic production, the government aims to position Pakistan as a competitive player in the global mobile manufacturing market.

As the policy is finalized, stakeholders from the industry are anticipated to engage in discussions to align on implementation strategies. The government plans to hold a series of consultations with manufacturers and technology experts to ensure the policy effectively addresses the challenges faced by the sector.