Pakistan is moving closer to boosting its local technology industry as HYF, a Chinese technology company, has shown interest in setting up a laptop and tablet manufacturing industry in Pakistan.
The decision was made during a meeting between HYF’s CEO and Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan, according to an official press release.
Details of Taxes Collected from Mobile Companies Revealed
Government’s Support for Chinese Investors
SAPM Haroon Akhtar Khan emphasized that Prime Minister Shehbaz Sharif has directed all possible facilitation for Chinese investors. He assured HYF that their investments will be safe and secure in Pakistan.
He also highlighted the government’s efforts to prepare a Mobile Device Policy that will cover laptops and tablets, aiming to boost local manufacturing and reduce import dependency.
Fast-Track Visa Policy
To make business easier, Pakistan has revised its visa policy. Under the new system, Chinese nationals can get business and visit visas within 24 to 72 hours, a step expected to attract more foreign investors.
Cooperation for Local Manufacturing
SAPM Haroon instructed the Pakistan Industrial Development Corporation (PIDC) and the Engineering Development Board (EDB) to give full cooperation to HYF. Their assistance will be key to ensuring the successful launch of the laptop and tablet project in Pakistan.
If established, this industry could create jobs, lower prices for electronic devices, and bring advanced technology to the local market.
FAQs
1. Which Chinese company is investing in Pakistan’s laptop and tablet industry?
HYF, a Chinese technology firm, is exploring the opportunity to set up manufacturing in Pakistan.
2. What role is the Pakistani government playing in this project?
The government has promised full support, security of investment, and policy facilitation to HYF.
3. How will this project benefit Pakistan?
It will promote local manufacturing, create jobs, reduce imports, and make laptops and tablets more affordable.
4. What new visa policy has Pakistan introduced for Chinese investors?
Business and visit visas for Chinese nationals will now be issued within 24 to 72 hours.
5. Which organizations will assist HYF in Pakistan?
The Pakistan Industrial Development Corporation (PIDC) and the Engineering Development Board (EDB) will provide full support.
