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Lucky Group Inks Deal to Manufacture Samsung Mobile Devices in Pakistan
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Samsung strikes deal to manufacture mobile phones in Pakistan
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KARACHI: South Korean tech giant Samsung has been in talks with three investors for setting up a mobile manufacturing unit in Pakistan.
Sources said out of three parties, one has a franchise from Korea which has already set up vehicle assembling plants in Pakistan under Auto Development Policy (ADP) 2016-21, while other two are different parties.
They said so far no agreement has been signed as Samsung, after short listing various companies, is in the process of finalising its plan to award the licence to one of the companies for cellphone manufacturing.
The world’s biggest smartphone maker said in an earnings estimate on Wednesday that it expected operating profit of around 12.5 trillion won ($11 billion) for April to June, up from 8.15 trillion won a year earlier.
Samsung Intends to Set up a Mobile Manufacturing Unit in Pakistan
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Swiss envoy calls for enhancing investment
Suggests exhibitions and exchange of trade teams can help boost mutual trade
LAHORE:
Swiss companies working in Pakistan are satisfied with the business-friendly environment and are keen to enhance their investment, said Swiss Ambassador to Pakistan Benedict de Cerjat.
During his visit to the Lahore Chamber of Commerce and Industry (LCCI), the ambassador said that the political system in Switzerland was stable while regulations were pro-business. “Pakistani businessmen should come forward and join hands with Swiss counterparts to avail themselves of the opportunities,” he emphasised.
Cerjat admitted that mutual trade did not reflect the real potential of the two countries. Suggesting improvement in trade ties, he said that exhibitions and exchange of trade delegations could help boost mutual trade.