Tuesday, June 25, 2024

Tecno Mobiles Shut Down Mobile Phone Production in Pakistan as Economic Conditions Worsen

Due to a lack of raw materials and components and government import restrictions, the Transsion Tecno Electronics, mobile phone production plant established under CPEC in Pakistan was forced to cease operations.

Azfar Ahsan, the former chairman of the Board of Investment (BoI), voiced his worries in a letter to Prime Minister Shehbaz Sharif. He claimed that as a project for CPEC Phase II B2B cooperation, the production facility was a joint venture between China and Pakistan and that it began producing in early 2019.

Every month, the company produced 300,000 smartphones. In addition, they offered jobs to 2500 male and female employees, 400 Pakistani engineers, and 12 Chinese managers, according to the letter.

Related Articles

Latest Articles