In a big milestone, the Chinese company Taavun (Pvt) Limited has opted to invest in Pakistan to manufacture smartphones. Several media reports have circulated about this investment. The Chinese corporation has even made preparations to manufacture low-cost cellphones with cutting-edge functionality. It appears that the decision was good. Pakistan will be able to create affordable smartphones with promising features for people who cannot afford flagship models.
Taavun (Pvt) Limited’s CEO, Shahbaz Khan, and CEO Wateen Adil Rashid met with Minister of State for Information Technology and Telecommunications, Shaza Fatima Khawaja, last week. They talked about the possibilities of investing in Pakistan. It is worth noting that the Chinese smartphone manufacturer has previously launched three key brands in Pakistan. Tavuun has completed all investment procedures in Pakistan, according to the Pakistan Telecommunication Authority (PTA).
During the meeting, Ms Fatima emphasised the tremendous prospects for investment in Pakistan’s IT and telecom sector. She stated that the administration had used all available resources to attract foreign direct investment. According to her, the private sector will be supported because it has a significant potential to grow exports. She also stated that Pakistan’s youth are a valuable asset. As a result, the government is taking crucial initiatives to promote its development. She complimented Sheikh Nahyan bin Mubarak Al Nahyan of the UAE for his specific interest in financing Pakistan’s telecom sector.
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Ms. Shaza Fatima Khawaja, Minister of State for Information Technology and Telecommunications, recently toured Airlink’s cutting-edge smartphone manufacturing plant. For those who are unfamiliar, it is the location where Airlink manufactures smartphones in collaboration with global giants Xiaomi and Tecno. During her visit, Shaza Fatima praised Airlink’s commitment to innovation as well as its extraordinary inclusion of women in the labour force, which now stands at 25 to 30%.
The creation of smartphone manufacturing plants will promptly generate jobs. These include jobs in assembly lines, quality control, logistics, and management. As output increases, more employees will be required to meet demand.
The presence of these businesses will foster skill development. Workers will develop experience in manufacturing techniques, technology, and quality assurance. This can result in a better trained workforce, which is helpful to the broader economy.
A vibrant industrial sector boosts economic growth. Increased production and exports can boost the nation’s GDP. This can lead to greater work options in a variety of industries.
Taavun’s investment in Pakistan is an important milestone that demonstrates the country’s potential for growth in the technology sector. Let’s hope that this collaboration results in interesting new advances and affordable smartphones for Pakistani users.