Production activities of almost all 30 mobile phone companies in the country, including 3 foreign companies, were completely stopped.
Lahore - All mobile phone manufacturing companies in Pakistan are closed, most of the companies have laid off their employees, and production activities of almost all 30 mobile phone companies in the country, including 3 foreign companies, have been completely closed. were done. According to the details, the devastating economic crisis of the country also swallowed the mobile phone industry.
According to media reports, almost all 30 mobile phone assembly units in the country, including 3 units of foreign brands manufacturing mobile phones in the country, have now closed down.
Mobile manufacturers have reported that they have run out of raw materials due to import restrictions, putting the future of around 20,000 employees at stake. According to media reports, most of the companies have dismissed the employees after paying half of their April salaries in advance.
According to a Dawn News report, the owner of a mobile phone manufacturing company in the country expressed regret that the companies had to send employees home during Ramadan. He said that my family has three mobile production units and all are closed, blaming it on the incompetent and strange policies of the finance ministry.
This has stopped the import of important equipment and parts used in mobile phone manufacturing. Pakistan Mobile Phone Manufacturers Association in a recent letter informed the Ministry of IT that the supply of local mobile phones has almost stopped and the markets have also started facing a shortage of mobile phones.
A letter written by the association's chairman Haji Abdul Rehman highlighted that the situation is equally troubling for consumers, who have to pay exorbitant prices for locally manufactured mobile sets. have been
He said prices of low-cost imported phones and locally assembled units are coming close, which he said will hurt sales of local sets. In the letter, he told the IT ministry that the country's mobile industry, which includes 30 local manufacturers including three foreign companies, is on the verge of shutting down as many investors may shift their focus to other sectors.
Companies have almost run out of raw materials, which come mostly from China, South Korea, and Vietnam, he said. Mobile manufacturers said that the industry needs $170 million worth of imported parts and equipment every month to operate at full capacity, but the government is not allowing letters of credit to be opened due to dollar shortage and no L since the last week of December. C is not opened
