Samsung is set to Start Cellphone Assembly in Pakistan

South Korean tech giant Samsung setting up a mobile manufacturing unit in Pakistan.

The world’s biggest smartphone maker said in an earnings estimate on Wednesday that it expected operating profit of around 12.5 trillion won ($11 billion) for April to June, up from 8.15 trillion won a year earlier.

“The Korean company aims to start local assembly of cellphones in the last quarter of this year,”

According to the Economic Survey 2020-21, during July 2012 to February 2021, telecom sector has attracted over $3.9 billion of Foreign Direct Investment (FDI). The Federal Direct Investment (FDI) in telecom during July-February FY21 was $101.1 million. Telecom operators have invested an amount of $363.9m during July-December FY21.