From Business Correspondent
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet yesterday approved Mobile Device Manufacturing Policy to promote local manufacturing and assembly of mobile phone handsets.
The policy approved in a meeting of the ECC chaired by Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh, aimed at ensuring localisation and indigenization of the parts of the mobile phones.
Earlier, the ECC was told that under the Mobile Device Manufacturing Policy, parts of mobile phone handsets will be used for the entire range of mobile phone handsets produced in Pakistan instead of limited to a particular model.
The policy will have a positive impact on allied industry including packaging and plasting. The expected arrival of high end brands will give local industry an opportunity to become part of the global value chain.
In addition, setting up of R&D centres and an ecosystem for software application is also visualised under the policy.
The ECC discussed various recommendations proposed as part of the policy and approved the measures which included removal of Regulatory Duty for CKD/SKD manufacturing by PTA approved manufactures under input/output Co-Efficient Organization (IOCO) approved import authorization.