Advisor to the PM on Commerce, Abdul Razak Dawood, has refuted a sure information merchandise revolving on the media concerning Samsung’s imminent arrival in Pakistan’s native manufacturing area.
In a brief assertion by way of his Twitter account, Dawood categorically denied all rumors and reviews which said that “Pakistan failed to woo Korean mobile manufacturing giant, Samsung, to establish a manufacturing and assembly plant in the country.”
“Samsung has changed its earlier decision & now has agreed to come to Pakistan as a joint venture with their local partner Lucky Motor Corporation for producing Samsung mobile devices in Pakistan soon,” clarified the Advisor on Commerce.
a three way partnership with their native companion Fortunate Motor Company for producing Samsung cell gadgets in Pakistan quickly.
— Abdul Razak Dawood (@razak_dawood) July 29, 2021
In pursuance of the underlined clarification, the JV of Samsung and Fortunate Motor Company (LMC) will proceed to hunt related regulatory approvals to determine an official enterprise construction.
The manufacturing facility for the Samsung Mobile Gadgets will likely be positioned at LMC’s present plant facility that produces automobiles on the Bin Qasim Industrial Park, Particular Financial Zone, Port Qasim, Karachi.