smartphones manufacturing Summary forwarded To ECC

Ministry of Information Technology and Telecommunication has forwarded a summary to incentivize smartphones manufacturing in Pakistan to Cabinet’s Economic Coordination Committee (ECC)

The summary had been forwarded on the direction of Federal Minster for IT and Telecommunication Syed Amin-Ul-Haque, said to media.

Syed Amin Ul Haque said that high smartphone availability and affordability was his Ministry’s high priority for growth of telecom sector and achieving high mobile broadband penetration in the country.

He further observed that beginning with assembly, it was indispensable for the country to build local smartphones manufacturing capability with the objective of increasing foreign direct investment, foreign exchange savings on smartphone imports, earning foreign exchange by export.

The smartphones manufacturing would create employment opportunities for local people and established smartphone industry first time in Pakistan hoping for marking label “made in Pakistan” first time. The steps would, he said, also promote growth of related support industries within the country like packaging material and smartphone accessories etc

PTA figures for 2007, for comparison, reported 48.5 million subscribers, rising to 102 million (over 60% of the population) by December 2010.

In 2007, the largest mobile telephone company in Pakistan was Mobilink, and other companies included Wateen (a member of Dhabi Group).

In 2010, there were five mobile phone companies in Pakistan. Google make a new quantum computer which has the thousand time more speed then the previous faster computers

The global smartphone market has the potential to grow by 64.05 million units during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

Pakistan currently possesses one of the fastest growing economies in the world and the easy access of mobile phones have made their market both promising and profitable for retail and e-tail giants.

The estimated average cost of a mobile phone in Pakistan is $45 that is roughly Rs 5,000. Based on this figure, the mobile phone market in Pakistan has a value of $840 million a year, according to the September 2015 imports.

In 2015 alone nearly 25 million subscribers were present in Pakistan and smartphone users held a staggeringly high percentage of approximately 31% of all mobile shipments. While back in 2013 that figure was only 13%. And today, Smartphones account for half the country’s total mobile phone imports according to the Pakistan Telecommunication Authority. Hence it is safe to say that Pakistan currently  has a huge market for smartphones!

smartphones manufacturing Summary forwarded To ECC