Engineering Post Report
The mobile industry in the country is facing serious issues and problems of shortages of raw materials and components and inability to open letters of credit (LCs) which if not immediately addressed at the appropriate level of thee government for resolving these then it is feared the industry may face a complete shutdown including China-Pakistan Economic Corridor (CPEC) based assembling unit Transsion Tecno Electronics.
Seeking immediate intervention for revival of the mobile manufacturing industry on war footing basis the industry concerned people have informed not less a person than Prime Minister Shehbaz Sharif that Transsion Tecno Electronics and as many as 30 other mobile phone manufacturing units including global brands Samsung, Xiaomi, Vivo, OPPO, Nokia,Tecno, Infinix and Itel were facing acute shortage of raw materials and components as well as inability to open the letters of credit since January 2023 which had adversely impacted the industry with serious threats of halting the business activities and resultantly massive rise in the unemployment.
Tanssion Tecno Electronics was a joint venture between China and Pakistan. It had started production in early 2019 as an initiative under CPEC Phase 11 B2B cooperation.The company was producing 300000 smartphones per month and provided employment to 12 Chinese managers, 400 Pakistani engineers and 2500 male and female employees.
According to the mobile phone industry sources, the industry needed USD 100 million per month to stay afloat at even just 50 per cent capacity and continue to retain some 35000-40000 direct and indirect employment opportunities it had created.
