WTP Special Report
ISLAMABAD :Mobile phone industry on the verge of collapse in Pakistan.Due to the recent economic crisis, mobile phone industries have started to be closed in the country, which is threatening to make millions of people unemployed. Due to the non-opening of LCs ,non-availability of raw and the closure of required equipment, the local industry is closing down.But there is no realization in the government circles.
About four to seven lakh people are employed in the smartphone industry.About four to seven lakh people are employed in the smartphone industry.
The local mobile phone assemblers industry needs $100 million worth of equipment and raw materials per month.
Transition Techno Electric, a mobile phone factory set up under the China-Pakistan Economic Corridor, faces forced closure
The company used to manufacture three lakh smart mobiles in Pakistan per month.Around 3,000 employees including 4,00 engineers have lost their jobs due to non-opening of LCs.The remaining 30 smartphone assembler factories, like Transition Techno Electronics, are struggling for survival.
Prime Minister Shehbaz Sharif can save millions of jobs by providing this foreign exchange.
The manufacturers wrote a letter demanded Prime Minister Shahbaz Sharif to resolve the matter immediately
A copy of this letter has also been sent to the Federal Minister of Finance, Minister of Industry and Production and Federal Minister for Information Technology, Minister of Commerce, and Federal Minister for Planning.
