ISLAMABAD: Advisor on Commerce Razak Dawood on Tuesday said that Korean company Samsung had initally refused to come to Pakistan; however, later the company changed its earlier decision and agreed to come to Pakistan.
“A joint venture with a local partner is on to establish a manufacturing and assembly plant in the country,” he informed.
According to details, Lucky Motor Corporation, a subsidiary of Lucky Cement Ltd (LCL), has signed an agreement with Samsung Gulf Electronics Co, FZE for producing Samsung mobile devices in Pakistan.
Similarly, the virus was also found inside the packing of consignments sent by six fish companies, due to which China has curtailed imports from these companies, stating poor hygiene standards.
DG Trade Policy Waqas Azeem briefed the committee that exports targets in the last two programmes were not realistic and hence unattainable. In previous trade policies, the emphasis was on three markets, including China and the EU.
Additional Secretary Commerce Mujtaba Memon apprised the committee that the government has reduced energy rates for industries. Duty and taxes on the raw materials have been slashed too, he added. “We have created new trading partners. Our emphasis on exports in new development sectors other than the traditional sector has also contributed to our exports,” he said.
The commerce adviser said the government has not offered any subsidy to the industry in energy. “The sector should be provided electricity at par with the industries of the rival countries. The new DLTL policy is going to be extended to new areas besides the traditional ones,” Dawood added.
He emphasised that Pakistan’s exports were minimal and the country has to look towards new sectors. “We are bringing 11 new sectors including engineering goods, pharmaceuticals, auto parts, fruit and vegetable, meat and poultry which will further improve our exports,” he underlined.
Senator Muhammad Qasim said that some foreign companies were coming to Pakistani waters for seafood which was leaving local fishermen in a nasty situation.
Senator Muhammad raised a question regarding the number of marble and minerals industries in Khyber Pakhtunkhwa (KP). The commerce ministry should also focus on these areas, he added.
He highlighted that after the merger of integrated areas, people were not being given loans to set up industries. The Senate committee chairman noted that the funding ratio of loans in Balochistan and KP was meagre. For KP, the loan funding rate is one per cent, while for Balochistan it is less than 0.5pc.
The commerce adviser assured the committee that they would solve the mentioned problems while focusing on marble and minerals.
No surprises there.
Samsung has priced itself out of affordability of vast majority of Pakistanis and Chinese companies having a presence in Pakistan give it tough competition. Lesser sales means lesser incentive to invest in setting up assembling facility in Pakistan.
Redmi is as good as Samsung with lower price
Bhikaristan is best at begging….
Industrialists out of mind will think to invest in a terrorist country porkistan.
Anonymous and bin ladin, tum dono ki maa ki kus
Aap Pakistani hein? Zubaan to wahi Lag rahi hey. Kuch mila aap ko is mughllizat kay baknay say? Dunya wa Akhirat do no narnaad ki.
Bin Ladin ghasti k bachy l hate your country is terurist Teri bap Hu jis ny tumhri country ku Pala harm k bilu Afghan
Got nothing better to do fam?🤣
Lun te charh khoti raand ke khabbay tattay
You can smell the piss off a hindu even when they hide behind keyboards. We should export our urine and feces to endia. High demand
Just get lost bustatd
Buri bat
Regional problem mate – like hindustan is best at licking the _____ of Arabs and a few other countries for their benefit
randia
How much will you charge me for the holes of your Mata ji – mind you, both holes – front and back
🔥🔥🔥🔥🔥
Please correct your news.. Samsung and Lucky Motor corporation have signed agreement to establish Samsung mobile assembly unit in Pakistan.
Don’t misguide and damage the company’s repute.
Lucky Group is Pakistan most pretentious group.
@Irfan Daud … I think you meant prestigious
Block and ban samsung in Pakistan we do t need to use there products
U dont need to kionka tumhari aukat hi china wala mobiles ha Iphone and Samsung are the best manufacturers in the world so fuck off
BC, TATA ki najaez aulad, tum aur tumhara PM tou kouchh saal pehle tk Tata Car meh ghomte thhay ….
Allow only those companies in Pakistan who also support us in various firms or different conditions to help our Economy and who dont wana come to our land why we give them business
chines mbil compnies should now uplift there device qualities like best cameras and high quality display.
people will forget samsung then.
by the way i got the news about lucky group and samsung agriment.
chootiya mulk
Teri Behan k bandy hai ham saly wo din bhol gya jab Teri behn ky sath raaty suta tha osy chuda tha koty or tujhy Pala tha tera bap behave yourself I love my country
Hindustan Walo jitne zor lgana ha lga lo Pakistan se tmhari jealous ko Bhagwan hi khatam kr skta ha , Hum ne bht sabr kia laken ab ki baar ab Hindustan k tukry hongy aur woh b AMERICA AUR TMHARE BAAP K HATHON
Lets propagate this news among all over pakistan and boycott Samsung we will survive without Samsung and second Why the Automobile Honda ,KiA,Toyotta not started their Export in Middle East just they need to alter the side of steering
Discourage Samsung products not only individual level but also by the Government by increasing tax on samsung products
Samsung has not declined to come to Pakistan.
Please don’t misguide people for ur petty monetarial gains
Agr wo agaye to yahan hr department ky DG pesay mangen gy or kam krny mei rukawat dalen gy to kon ayega bhai
Businessmen khub b corroupt hy or department un sy ziada courrupt hen.agr koi kam krna bhi chahye to hum log usky liye rukawat ziada khari krty hen.es liye kbhi bhi taraqi ni ho skti hmary mulk me
Hum es qamash k insan ban chuky hen.k hum me sy hr shakhs apni jaghah firaon hy.hr shaks chahta h or koshish me lga h k sirf dolat me he kamaon or sirf me he zinda rahon baqi sub mar jain hr shaks dosry ko khtm krny me koi kasar ni chorta..
Imran khan Government is totally fail.Nobody wants investment in Pakistan even people of Pakistan didn’t like him
Samsung refused to come to Pakistan during PML-N tenure.
Mr RazAq Dawood has clarified and said a section of press has misquoted him. Infact he said Samsung has changed its decision and agreed to invest in Pakistan which Samsung had previously denied.💚⚘🇵🇰
Give that offer ti xiaomi and huawei
Please keep..Comments(CIVIL)..and not use Gutter language…..we are all human Beings…and issues can be discussed…in a civil Way..anyone using untoward Language will be BLOCKED
Pakistan is not a open country to foreigners as you need NOC to move every where in Pakistan why people invest in such country where they can’t move independently…. For business pakistan should adopt UAE policies
If you pick a 30 years back Pak study book the exports and imports are same.we could not enlist a new item in in our export list .now it’s time to work on it and widened the list of exports.
Indian ki maan ma lun maru
100 India GK in Hindi || India Exam GK Questions Answers with options