Sunday, February 5, 2023
Tech

Samsung Turns Down Invitation To Come To Pakistan

On Tuesday, Commerce Advisor Razak Dawood said Pakistan has failed to entice Samsung, the Korean mobile manufacturing giant, to set up a manufacturing and assembly factory in the nation.

Additional Secretary Commerce, Mujtaba Memon stated that he was now trying to convince the Chinese to start mobile phone exports from Pakistan.

According to Mujtaba, China started production last year and they were given a target of December 2021.

Mujtaba Memon informed the committee that the government had decreased energy tariffs for businesses. He also mentioned that duties and taxes on raw materials have been reduced as well.

He stated that the government has created new trading partners and the emphasis on exports, in new development sectors other than the traditional sector, has also contributed to exports.

Senator Muhammad inquired about the number of marble and mineral processing plants in Khyber Pakhtunkhwa (KP). He emphasized that following the merger of integrated areas, people were not granted loans to start industries.

The committee was told by the commerce adviser that the difficulties mentioned would be resolved while focusing on marble and minerals.

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