Samsung set to assemble mobile phones in Pakistan

The production facility will be operational by December 2021.

According to the details, a was sent to the Pakistan Stock Exchange (PSX) by Lucky Cement which stated that that the company has "recently entered into an agreement with Samsung Gulf Electronics Co., FZE (Samsung) for producing Samsung branded Mobile Devices in Pakistan".

The company said that to follow up on its agreement, the group has already started the "process of seeking necessary regulatory approvals" including the filing of an application with the Pakistan Telecommunication Authority (PTA) for securing the license.

The letter stated that the production facility of Samsung will be located at Lucky Motor Corporation's existing plant facility producing vehicles at Bin Qasim Industrial Park in Port Qasim, Karachi.

"The production facility is anticipated to be completed by end of December 2021," it read.

Taking to Twitter, China Pakistan Economic Corridor (CPEC) Chairman Asim Bajwa lauded the "landmark development".

He also congratulated the Lucky Group for securing the agreement.

This landmark development coupled with a number of upcoming Chinese Mobile phone manufacturing facilities in Pakistan will expand our manufacturing base, help boost exports and create more jobs. Well done! https://t.co/LRA2Ub2Hh1

— Asim Saleem Bajwa (@AsimSBajwa) July 16, 2021

Minister for Energy Hammad Azhar also congratulated the Lucky Group for entering into a joint venture to manufacture smartphones in Pakistan.

I congratulate Lucky Group and Samsung on entering into a JV to manufacture smart phones in Pakistan.
These positive developments are evidence of the success of DIRBS system that eliminated smuggling of phones. And then followed up by Mobile Manufacturing policy last year. https://t.co/UCEsF0dKVq

— Hammad Azhar (@Hammad_Azhar) July 16, 2021