ISLAMABAD: Made in Pakistan, PTI government to launch an unprecedentedeconomic initiative in the country.
Adviser to Prime Minister on Commerce, Textile, Industries, Production, andInvestment, Razak Dawood Tuesday said Draft Mobile Device ManufacturingPolicy aims to develop and promote mobile devices manufacturing industry inthe country.
He said through Electronic Products Manufacturing Initiative, “We canpromote ‘Made in Pakistan’ scheme for the growth in manufacturing, aMinistry of Commerce press release said.
Razak Dawood said this while chairing a meeting on Draft Mobile DeviceManufacturing Policy prepared by Engineering Development Board (EDB),Ministry of Industries and Production.
The policy will attract new investment, generate employment and makePakistan global player for electronics manufacturing, he added.
The adviser highlighted that draft policy envisages incentives for localmanufacturing/assembly of mobile devices, which will expectedly shift thefocus from import of mobiles in completely built units to semi-knocked downand completely knocked down condition.
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He further said the proposed policy is mainly focusing on employmentgeneration, import substitution and technology transfer.
The device collection through imports will be substituted by import of CKDkits at rationalized duty structure and enhancement of duty on CBU imports,thus making local assembly/manufacturing feasible vis a vis imports ofmobile devices in CBU conditions, he said.
The adviser emphasized that the proposed policy will attract domestic andforeign direct investment in engineering sector (electronic equipmentincluding mobile phone devices).
In this regard, he urged the domestic and foreign companies to invest inmanufacturing in electronic goods in Pakistan to get high return on theirinvestment. Special Economic Zones are providing technical and financialsupport through various incentives by granting tax holidays and dutyexemptions on parts which are used in manufacturing of mobile phone devicesand other electronic goods, he added.
