ISLAMABAD: Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood on Monday hoped that mobile exports should meet the target of $1 billion in line with the incentives given by the government in current FY 2021-22.
The only way forward is the” Make in Pakistan” Philosophy, Razak Dawood said.
Dawwood held a meeting with the members of Pakistan Mobile Phone Manufacturers Association (PMPMA) and other leading manufacturers and assemblers of the mobile phones, said a press release issued by the Ministry of Commerce here.
The agenda of the meeting was to discuss the export opportunities available to the local manufacturers and assemblers of mobile phones.
While the Advisor briefed the participants about the incentives given by the Government to the local mobile manufacturers and assemblers through the Mobile Device Manufacturing Policy, 2020.
It has also been highlighted that additional incentives have also been given to the mobile industry to spur localization so that much needed jobs opportunities could be created.
He reiterated the importance given by the Government to the “Make in Pakistan” led economic growth. In order to achieve this end not only the tariff structure has been rationalized by creating a tariff differential between Completely Built Up Unit (CBU) and Completely Knocked Down (CKD) and Semi Knocked Down (SKD) kits.
He highlighted the incentives given to the exporters through Export Facilitation Scheme, 2021.
Advisor stressed the need to scale up the production capacity so that exportable surpluses could be generated.
The companies should also share their investment plans so that procedural hindrance, if any, could instantly be addressed.
Meanwhile, the participants of the meeting acknowledged the incentives given by the government to the local mobile manufacturers and assemblers of mobile phones.
They were of the view that if current trends continue, they will reach the exports target set by the Government.
However, they emphasized continuity of the policies and rebates to the exporters which should be at par with the other regional countries.
Advisor assured them that current policies would continue and additional incentives would also be given if export targets are met by the mobile manufacturers and exporters.
The advisor said that as mobile imports are going down, it’s very encouraging to see that they are manufactured in Pakistan. It’s also creating new job opportunities for the locals and saving millions of dollars.
Advisor added “we have a population of 22 million people with 50 to 55 percent youth.”
“We need to focus on pro industrialization policies to create jobs for them” he said.
Advisor stated that Prime Minister Imran Khan has the vision of Digital Pakistan, and it can be only achieved once the smart phones are affordable and accessible for everyone.
Meeting was attended by representatives from Samsung, OPPO, VIVO, TECNO, INFINIX, INOVI besides Additional Secretary, Ministry of Commerce and Chairman, Engineering Development Board (EDB).
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