The government has introduced the Mobiles and Electronics Manufacturing Framework, which aims to make Pakistan stand out as a regional hub of mobile and electronics export. To ensure this, the Government has also announced to offer incentives. Now, this brings the tech giant Apple to start manufacturing iPhones in Pakistan. Let’s have a detailed look at it in the blog.
Apple to Begin iPhone Production in Pakistan
The government introduced an increase in the performance incentive from 6% to 8% to attract big companies to start manufacturing the products in the country. Apple is one of them.
Besides the production, Apple has also agreed to refurbish 2 to 3-year-old iPhones. This is to initiate the re-export of the iPhones, expecting a $100 million revenue under the new framework.
The officials confirmed that the government is also targeting wider investment in the electronics industry for laptops, tablets, and more. However, it is also expected that the Chinese mobile manufacturing companies will be investing $557 million, focusing on the localization of mobile phones.
Furthermore, the government has planned a 6% export levy on mobile phones and expects the collection of Rs. 62 billion.
Final Verdict
In conclusion, Apple’s manufacturing in Pakistan is expected to start soon, as the government agreed to offer competitive incentives. It aims to boost the local manufacturing of electronics and other mobiles to initiate exports and generate revenue.
Ramsha Zafar is an English literature graduate working as a content writer for over two years. At OLX, her writing covers almost every topic that people find interesting, including automobiles, smartphones, businesses, and many others.
She is strongly passionate about researching, reading books, and writing. When she’s not writing, you can find Ramsha in her kitchen, baking and exploring new recipes. Moreover, she’s always excited about the latest trends in fashion, home decor ideas, sustainable energy solutions, and much more.
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