Govt to offer additional incentives to mobile manufacturers, exporters: Razzak Dawood
KARACHI: The Advisor to the Prime Minister on Commerce and Investment, Abdul Razzak Dawood held a meeting with the members of Pakistan Mobile Phone Manufacturers Association (PMPMA) and other leading manufacturers and assemblers of the mobile phones.
The meeting was also attended by Additional Secretary, Ministry of Commerce and Chairman, Engineering Development Board (EDB). The agenda of the meeting was to discuss the exports opportunities available to the local manufacturers and assemblers of mobile phones.
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 those 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. The 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.
The Advisor was of the view that mobile exports should meet the target of US $ 1 billion in line with the incentives given by the Government. The participants of the meeting acknowledged the incentives given by the Government to the local mobile manufacturers and assemblers of mobile phones.