The Mobile Device Manufacturing Policy has been approved by the Economic Coordination Committee (ECC) of the Cabinet. Instructions have been given to the Ministry of Industries and Production to further fine-tune its features and incentives to promote the localization and research and development, leading to the export of mobile phones.
The ECC meeting was chaired by the Adviser to Prime Minister on Finance and Revenue Dr. Hafeez Sheikh. The Mobile Device Manufacturing Policy was discussed as proposed by the Ministry of Industries and Production.
Some of the objectives of the policy include acquisition of technology and localization of mobile devices through local investment, joint ventures, foreign direct investment, creation of 200,000 direct and indirect jobs, reduction of price for consumers, increase in digitization via supporting 4G/5G technologies, developing an efficient manufacturing eco-system, exporting manufactured handsets and achieving the security objectives.
In January 2019, the Ministry of Industries and Production began the Mobile Device Manufacturing Policy. Engineering Development Board (EDB) was designated as a secretariat for policy formulation via consultation with public and private sector stakeholders.
Mobile phone subscriptions have reached 164 million as per Pakistan Telecommunication Authority (PTA). Pakistan is 7th biggest importer of mobile phone with the annual market size of over 40 million.