Due to a lack of funds, multinational corporations are closing their mobile phone assembly plants in Pakistan.
Three major phone manufacturers are said to have closed their assembly plants, causing concern among Lahore’s mobile phone traders. While speaking, Lahore Traders Rights President Sardar Azhar Sultan expressed grave concern.
Due to the shortage of dollars, mobile phone companies are facing difficulties in sending capital to their head offices abroad. The business community also faces difficulties in importing mobile phone accessories. The Letters of Credit (LCs) are not being opened. Goods are not coming. How will the businesses run?
Major phone manufacturers in the country include Samsung, Xiaomi, Vivo, Infinix, and a few others, but it is unclear which of these brands has ceased production.
What Impact Does It Have on Us?
This is only bad news for Pakistani customers. Local smartphone assembly was a major reason why some mobile phone models were affordable a few years ago.
However, with the recent closure of assembly plants and import prices surging higher than ever before, smartphone prices have risen as well.
In Pakistan, for example, the Redmi Note 10 Pro was priced between Rs. 45,000 and Rs. 50,000. However, its successor, the Redmi Note 11 Pro, now costs more than Rs. 80,000. The same is true for Apple and Samsung’s flagship phones, as well as Vivo.
However, this is due to ludicrous import taxes rather than local production, as flagships were rarely produced in the first place.
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