46M Smart Phones Assembled in 11 Months

News Desk

Islamabad: The country assembled a record 46 million smart and feature mobile phones during the first 11 months of the current fiscal year in Pakistan.

During the period under review, some 20 million smartphones were assembled of which 99 per cent have so far been sold in the markets while 26 million featured mobile phones were manufactured of which 97 per cent were purchased.

The best quality locally assembled smart and feature mobile phones equipped with ultra-modern technology have restored the confidence of buyers in Pakistan.

According to a press release issued on Wednesday, Pakistan Engineering Industry has a large potential to grow and contribute a significant role towards national development.

The Engineering Development Board (EDB) is fully committed to strengthen the engineering base by attracting foreign direct investment in this sector having one of the best liberal investment regimes in the region coupled with plenty of natural resources and manpower, added the press release.

Meanwhile, EDB Chairman Almas Hyder will call on Governor Punjab on June 23 (Thursday) to apprise him about the activities of the board and record number of assembling of smart and feature mobile phones in Pakistan.

Hyder will also brief the governor that foreign investors have shown keen interest in cellular industry and a total of 31 foreign and local companies were awarded licenses of which 21 are operational in different regions of the country while remaining are in the process of establishment of their plants including Nokia.