International Smart Phone Brand VIVO has decided to establish a smart phone manufacturing facility in Pakistan, according to a recent tweet by Hammad Azhar.
The minister made the announcement on Twitter stating: “International smartphone brand VIVO has decided to establish a smart phone manufacturing facility in Pakistan. Land purchased.”
Introduction of a mobile phone manufacturing policy and DIRBs has immensely contributed towards increasing local demand in the economy and has attracted foreign investors like TCL and Alcatel.
“Once the sale is complete, Huawei will not hold any shares or be involved in any business management or decision-making activities in the new Honor company,” it said.