KARACHI: A leading Pakistani company announced on Friday it was going to set up Samsung mobile phone assembly plant in Pakistan, adding it had already approached the country’s telecom regulator to secure license for the purpose.
“Lucky Motor Corporation (LMC), a subsidiary of Lucky Cement, has entered into an agreement with Samsung Gulf Electronics (a company based in South Korea) for producing Samsung branded mobile phone devices in Pakistan,” the Pakistani organization said in a written statement.
“In pursuance of this transaction, LMC has also initiated the process of seeking necessary regulatory approvals to carry on the business,” the statement continued, adding that the local firm had “filed an application with the Pakistan Telecommunication Authority [PTA] to secure” the permit.
The cement company diversified in the automobile sector by manufacturing, assembling, marketing and distributing KIA and Peugeot vehicles. It also sells spare parts and accessories of these cars in Pakistani market.
The company announced it would set up its cellphone production facility at LMC’s existing plant in Karachi’s Bin Qasim Industrial Park.
The production facility is expected to be completed in December, said the company statement.
According to the PTA, Pakistan’s total annual market size of mobile phones is estimated at 34 million handsets out of which 20 million are 2G and 14 million are 3G/4G.
In terms of its value, the market size of mobile sets in Pakistan is estimated to be about $2.5 billion, based on import data provided by the Pakistan Bureau of Statistics.
The PTA informed Arab News last month that the country had manufactured 5.34 million 2G and 2.23 million 3G/4G devices since the beginning of the year until May 2021.
While the LMC says it will soon discuss its investment level with Samsung, analysts maintain the amount could be about $100 million.
“The investment size is rumored to be around $100 million,” Muhammad Sohail, chief executive officer of Topline Securities, said.
“Our working suggests the venture can generate an annual revenue of about $300-600 million and the project can make net profits of Rs1 billion to Rs1.5 billion in its formative phase,” he added.
Samsung had setup an assembly plant in Bangladesh in 2018 which proved to be a success, with an average output of about 2.5 million units annually.
The Pakistani government is also providing protection to the industry though its Mobile Device Manufacturing Policy which can potentially reduce the rates of locally manufactured handsets by about 50 percent.
Pakistan has granted a 10-year mobile device manufacturing authorization to 19 companies in the country under the mobile device manufacturing regulations.
Samsung to set up mobile phone manufacturing facility in Pakistan by end of 2021
https://arab.news/4dtk7
Samsung to set up mobile phone manufacturing facility in Pakistan by end of 2021
- Independent analysts say the facility may initially generate an annual revenue of about $300-600 million
- Pakistan’s mobile manufacturing policy is expected to bring down prices of locally produced handsets by about 50 percent
Nine killed, one child injured as avalanche hits house in northwest Pakistan
- Avalanche strikes family home in Arandu area of Lower Chitral district
- Heavy snowfall cuts off towns and villages across northern Pakistan
PESHAWAR/QUETTA: At least nine people were killed while an injured child was rescued alive when an avalanche struck a house in a mountainous district of northwestern Khyber Pakhtunkhwa province, officials said on Friday, as the Pakistan Meteorological Department (PMD) warned of more rain and snowfall in the area along with southwestern Pakistan.
The incident occurred in the Arandu region of Lower Chitral district, affecting members of the same family, as the PMD urged tourists to avoid unnecessary travel while authorities worked to prevent weather-related emergencies.
Rescuers evacuated dozens of residents and tourists as heavy snow blocked roads in Khyber, South Waziristan and Swat districts, where authorities cleared routes and provided food, clothing and bedding, the Rescue 1122 service said.
“An avalanche fell in Sarigal village of Arandu, a far-flung area in subdivision Drosh,” Deputy Commissioner of Lower Chitral Rao Hashim Azeem told Arab News over the phone.
“Ten people from the same family came under the avalanche in which nine were found dead and one child was rescued alive,” he added. “Police, Chitral scouts, rescue and local administration took part in the operation.”
Azeem said the rescue efforts were hampered by heavy snowfall and the area’s remote location, adding that the bodies were taken to Drosh for burial.
Heavy snow hit Azad Kashmir, Gilgit-Baltistan, Murree, and Galiyat, stranding vehicles and causing power outages, local media reported.
“The system causing rain/snowfall is active over northern parts of the country,” the PMD said in its advisory on Friday at noon, predicting more showers and snow in the next few hours.
“Tourists [are] advised to stay vigilant and avoid unnecessary travel during rain and snowfall,” it added.
TEMPERATURE DROP IN BALOCHISTAN
The PMD said temperatures in several in districts southwestern Balochistan province dropped to –9°C as a snowstorm with strong winds hit Quetta, Kalat, Chaman, Killa Saifullah, Nushki and Loralai, disrupting daily life.
“Dozens of vehicles including passenger buses have been stranded at N-50 highway near Muslim Bagh due to heavy snowfall since Thursday night,” Assistant Commissioner Muslim Bagh Dheeraj Kalra told Arab News.
“District administration accompanied by PDMA [Provincial Disaster Management Authority] Balochistan removed the snow from the N-50 highway and opened the roads for traffic on Friday morning.”
Meanwhile, PMD Balochistan Deputy Director Muhammad Afzal said the next spell of snowfall and rain would hit the southwestern parts of the country from Jan. 25 to 27 but will not be as harsh as the first one.
“The recent system of snowstorm entered Balochistan through the Iran-Afghan border which dropped the mercury to –9°C and this freezing temperature will continue till tomorrow evening,” he said.
Weather authorities this week forecast intermittent rains and snowfall in northern regions of the country between Jan. 21 and Jan. 24, with heavy snowfall likely in upper and hilly areas of the province.
Tens of thousands of tourists flock to Pakistan’s scenic north every winter to witness snowfall, often neglecting warnings from disaster management authorities.
In Jan. 2022, at least 21 people, including children, died after they were stuck in freezing temperatures during a snowstorm in the Pakistani hill station of Murree.
In view of the situation, Federal Minister Abdul Aleem Khan on Friday directed the National Highway Authority (NHA) to ensure that all highways remain open and fully operational under all circumstances.
“The minister has instructed NHA field staff to remain on high alert and to maintain 24/7 monitoring of weather conditions on highways in snowfall-affected areas,” the Pakistani information ministry said.
“He emphasized that ensuring uninterrupted traffic flow on national highways, particularly in upper regions, is a top priority.”
