Here's why most of the investors never prefer Pakistan's Mobile Phone Manufacturing!

Researches claim that 140 million mobile phone users currently exist in this world. The number is rapidly increasing due to the immense adoption of mobile phone technology over the past few years. So in order to meet these requirements, Pakistan’s mobile market has started growing rapidly!

Due to the introduction of 3G & 4G networks, mobile handset manufacturing market has started working fast. Although it has become a good market for manufacturing mobiles, but still it lags support from most tech companies and investors.

A recent update from the President of Pakistan Businessmen and Intellectuals Forum (PBIF) confirms a few facts regarding mobile market. Mr. Zahid Hussain claims that Pakistan’s mobile market is capable of manufacturing mobile phones and other telecom equipment. But due to the lack of interest of tech companies, the market is facing serious issues.

Here are the two major reasons pointed by Mr. Zahid Hussain for this issue:

1. Devaluation of Pakistan’s National Currency (Rupee)
2. Heavy Regulatory Duty imposed by Pakistan’s government

Furthermore, the discouragement of smuggling and boost in the prices of handsets in the country becomes the factors that international companies never prefer investing in this market.

Mr. Zahid Hussain expressed their feelings about the increase in cost of low-end phones. He wants to see them a little cheaper for middle class families to afford them.

The government of Pakistan needs to work on this issue and take these steps as soon as possible. This would not only improve the market but provide more opportunities to local investors in this market.