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.”
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.
— Abdul Razak Dawood (@razak_dawood) August 14, 2021
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.
Press Release: PTA Authorization holder Inovi Telecom has started exporting smart phones to other countries. The first consignment of 5500 units of 4G smart phones carrying “Manufactured in Pakistan” tag has been exported to UAE.
— PTA (@PTAofficialpk) August 14, 2021
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.
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.
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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