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Pakistan becomes smartphone exporter

05:30 PM | 15 Aug, 2021
Pakistan becomes smartphone exporter

ISLAMABAD – Pakistan has become exporter of smartphones by sending first-ever shipment tagged ‘Manufactured in Pakistan’ to the United Arab Emirates.

The first consignment of 5,500 mobile sets of 4G smartphones manufactured by Inovi Telecom was exported to the UAE on Friday.

Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood confirmed the news through his twitter handle.

He took to twitter and wrote, “It’s a great day for Pakistan’s exports as Inovi Telecom has just exported the first consignment of 5,500 “Made in Pakistan” 4G mobile phones to the Middle East. We hope that this will be the beginning of an era of high value-added exports from Pakistan.”

The Pakistan Telecommunication Auth­ority on Saturday congratulated the company for the achievement and hoped the exports of smart phones would increase further. “This is the result of concerted efforts for the development of mobile device manufacturing ecosystem in the country,” said the regulator in a statement.

Inovi Telecom Pvt Ltd was issued authorisation for mobile device manufacturing in April and it has managed to fulfill its first export order within four months. Chief Executive Zeeshan MianNoor said that their main target was to penetrate in low-end markets of Middle East including Iraq, Iran and Afghanistan.

“We are manufacturing the Chinese brands and there are a large number of expat workers in the Gulf countries,” he said, adding the hi-end consumers of Gulf countries prefer top world class mobile brands and we should not even try to get involved in that market.”

He said that the mass market of Gulf countries was their primary target, while the ordinary citizens of Iraq, Iran and Afghanistan too preferred mobile sets up to $100 each.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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