AGL 40.40 Increased By ▲ 0.20 (0.5%)
AIRLINK 129.25 Increased By ▲ 0.14 (0.11%)
BOP 6.81 Increased By ▲ 0.21 (3.18%)
CNERGY 4.13 Increased By ▲ 0.10 (2.48%)
DCL 8.73 Increased By ▲ 0.28 (3.31%)
DFML 41.40 Increased By ▲ 0.15 (0.36%)
DGKC 87.75 Increased By ▲ 0.75 (0.86%)
FCCL 33.85 Increased By ▲ 0.50 (1.5%)
FFBL 66.40 Increased By ▲ 0.50 (0.76%)
FFL 10.69 Increased By ▲ 0.15 (1.42%)
HUBC 113.51 Increased By ▲ 2.81 (2.54%)
HUMNL 15.65 Increased By ▲ 0.42 (2.76%)
KEL 4.87 Increased By ▲ 0.09 (1.88%)
KOSM 7.62 Decreased By ▼ -0.21 (-2.68%)
MLCF 43.10 Increased By ▲ 1.20 (2.86%)
NBP 61.50 Increased By ▲ 1.00 (1.65%)
OGDC 192.20 Increased By ▲ 9.40 (5.14%)
PAEL 27.05 Increased By ▲ 1.69 (6.66%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 150.50 Increased By ▲ 2.69 (1.82%)
PRL 24.96 Increased By ▲ 0.40 (1.63%)
PTC 16.25 Increased By ▲ 0.01 (0.06%)
SEARL 71.30 Increased By ▲ 0.80 (1.13%)
TELE 7.25 Decreased By ▼ -0.05 (-0.68%)
TOMCL 36.29 Decreased By ▼ -0.01 (-0.03%)
TPLP 8.05 Increased By ▲ 0.20 (2.55%)
TREET 16.30 Increased By ▲ 1.00 (6.54%)
TRG 51.56 Decreased By ▼ -0.14 (-0.27%)
UNITY 27.35 No Change ▼ 0.00 (0%)
WTL 1.27 Increased By ▲ 0.04 (3.25%)
BR100 9,967 Increased By 125.2 (1.27%)
BR30 30,751 Increased By 714.7 (2.38%)
KSE100 93,292 Increased By 771.2 (0.83%)
KSE30 29,017 Increased By 230.5 (0.8%)

ISLAMABAD: HMD Global, the home of Nokia phones, has achieved the milestone of producing over one million locally assembled mobile phones in Pakistan in just 6 months after setting up the assembly unit in the country.

The company has partnered with Techno Pak Electronics (Private) Limited last year in setting up the assembly plant of Nokia phones in Pakistan which has invested an amount of $2 million in its factory & related channels in 2021 which generated over 500 skilled jobs so far.

Arif Shafique, Country Manager Pakistan HMD Global, the home of Nokia phones, said, “Nokia Phones continue to be a favourite product among different ages of mobile phone users in Pakistan for the past many years. The demand for our handsets has been evident in the local market with the production of over one million units in a very short span of time.”

The plant capacity is to produce over half a million mobile phones per month and our aim is to assemble the complete range of Nokia phones from Pakistan.

HMD Global has made a significant contribution to the economy through the transfer of technology to the local level, tax revenues to the national kitty, saving of foreign exchange and most importantly creating more local jobs.

“Opening the facility in Pakistan is not only an important business decision for us, but also a historic initiative as we continue to expand our global footprint with it. We aim to scale up our productions every month so that we will be able to meet the demand of our Pakistani consumers,” Shafique added. He expressed his hope that local authorities and regulators will continue to extend their full support to the industry for doing business and making investments in Pakistan.

The assembly plant of Nokia phones in Korangi, Karachi reached completion in December 2021. The unit produces various designs of mobile handsets with cutting-edge hardware tools, signature durability and user-friendly operating software.

Copyright Business Recorder, 2022

Comments

Comments are closed.