During Jan-July 2021, the production of mobile phones by local manufacturing plants stood at 12.27 million against imported mobile phones at 8.29 million
Has also initiated process of seeking necessary regulatory approvals to carry on the said business and filed an application with PTA for securing the licence
Pakistan imported mobile phones worth US $1684.988 million during July-April (2020-21) as compared to the imports of US $1027.585 million during July-April (2019-20).
Pakistan imported mobile phones worth US $1311.497 million during July-February (2020-21) as compared to the imports of US $865.180 million during July-February (2019-20).
“Therefore I believe that in the coming years, smartphone and mobile phone manufacturing would become export commodities and an important part of the economy of Pakistan,” said Azhar.
Cellnex told Spanish stock regulator it had reached an agreement with Altice and Starlight Holdco to acquire Hivory.
The company said it expects the operation to increase its adjusted earnings before interest, tax, depreciation and amortization (EBITDA) by around 460 million euros.