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Three mobile phone companies to set up manufacturing plants in Pakistan - Vimarsana News

Three mobile phone companies to set up manufacturing plants in Pakistan

ISLAMABAD: As the government has introduced tax incentives for assembling/manufacturing of mobile phones through the recently issued presidential order, at least three new mobile phone companies have shown interest in setting up their plants in Pakistan. The government had recently promulgated an ordinance abolishing withholding tax on locally manufactured mobile sets. The step was taken to encourage the assembling and manufacturing of mobile phone parts in the country. “Three new entrants have submitted applications for establishment of manufacturing units in the country,” said an offici...

Low localisation pushes up auto parts import bill - Newspaper - Vimarsana News

Low localisation pushes up auto parts import bill - Newspaper

The increasing import bill suggests low localisation even by existing assemblers.

Source: dawn.com
Govt Renames EV Board to Pakistan Technology Development Board - Vimarsana News

Govt Renames EV Board to Pakistan Technology Development Board

Govt Renames EV Board to Pakistan Technology Development Board The federal government has decided to rename the Electric Vehicle Development Board the ‘Pakistan Technology Development Board’, in consideration of the Engineering Development Board’s (EDB) limited capacity to deal with new technologies. Sources told Propakistani that the decision was made during the last meeting on the formation of the Electric Vehicle Development Board held at the Ministry of Science and Technology under the chairmanship of the Federal Minister for Science and Technology (MoST), Chaudhry Fawad Hussain. AL...

Auto Import Bill Exposes Localization Claims by Automakers - Vimarsana News

Auto Import Bill Exposes Localization Claims by Automakers

After an increase of 79%, imports of CKD/SKD kits for local assembly of cars have reached $468 million during the first seven months of the ongoing fiscal

Can Pakistan become a hub of auto exports? - Pakistan - Vimarsana News

Can Pakistan become a hub of auto exports? - Pakistan

A Pakistan-Chinese automotive joint venture, Master Changan Motors (MCM), plans to turn its $136 million complete knock-down (CKD) assembly plant in Karachi into a hub of export for the Chinese right-hand-drive cars to the regional countries. MCM is the only joint venture where a Chinese automotive manufacturer has actually invested capital in the project whereas most Chinese Original Equipment Manufacturers (OEM) interested in exploring their chances in Pakistani market are preferring ‘technical cooperation’ with their local partners. Established back in 2017 as a 70:30 joint-venture bet...

Source: dawn.com