Govt to Develop a Mobile Phone Plant in Haripur – Research Snipers

Govt to Develop a Mobile Phone Plant in Haripur

haripur

In collaboration with the private sector, the government has decided to develop a mobile phone manufacturing plant in Haripur. The idea to privatize the Telephone Industry of Pakistan (TIP) has been dropped.

Federal Minister for Information Technology and Telecommunication (MoITT), Dr. Khalid Maqbool Siddiqui addressed a press conference in which he revealed that the plan to privatize TIP has been dropped. The government is currently in talks with various Chinese companies to develop a mobile handset manufacturing plant.

In 2018-19, the IT & IT-enabled Services (ITeS) export remittances have increased to $900 million in comparison to $800 million in 2017-18. The real figure for IT & ITeS exports is $4.1 billion. As an online payment system is not available in Pakistan, the IT industry has not been able to realize its full capability.

Interesting: Huawei to invest $100 million in Pakistan in 2019

As per the Minister, the talks are going on with 5 to 6 players regarding this project and it will be finalized very soon. A meeting was held with Etisalat for the $800 million dues to privatize Pakistan Telecommunication Company Limited (PTCL).

A few months ago we also informed our readers about how the government is trying to convince smartphone companies including Huawei to establish their manufacturing plants in the country to boost the local economy.  The government has been given land in Haripur, where mobile companies would be provided land for the local manufacturing.