Vivopakistan sets up first production unit in Pakistan

Lahore:  Prime Minister Imran Khan’s Adviser for Commerce and Investment Abdul Razak Dawood has welcomed vivopakistan for setting up its first production unit in Pakistan.

I congratulate @vivopakistan Mobile on setting up a production unit in Pakistan, which is its first in Pakistan. This is a vindication of the Mobile Phone Manufacturing Policy formulated under the "Make in Pakistan" philosophy’’.

— Abdul Razak Dawood (@razak_dawood) August 11, 2021

He said that the next step is to export the mobile phone made in Pakistan and that milestone will also be achieved by the next month.

This is inline with Dawood’s prediction while addressing a press conference in the start of the current month.

According to Dawood, Pakistan has already started manufacturing mobile phones, with some foreign companies aspiring to get their mobile phones manufactured in Pakistan.

The PM’s aide  had stressed developing an export culture in the country.

“In the next five years, Pakistan should stop depending entirely on textile exports and focus on other industries too,” said Dawood.

He further stated that the government of Pakistan has developed a strategy for increasing exports.

Briefing the media on the export statistics, he said that Pakistan made exports worth $2.3 billion in July, which is the highest amount of exports ever made in the month of July.

As per Dawood, the exports observed the biggest growth in the field of Information Technology, with the annual IT exports exceeding from $2b, constituting up to 47% growth rate.

He claimed that the export will be amplified up to 38% from the current rate, which is 31.2%.

We look forward to taking the goods exports up to worth $30.2b and services exports up to $7.5b in the current fiscal year, he added.