Efforts to be taken to resolve issues being faced by SMDF before production: Minister

News Image

MG News | October 15, 2021 at 07:42 PM GMT+05:00

0:00

October 15, 2021: Minister for Industries and Production (MOI&P), Khusro Bakhtyar assured that the efforts would be taken to resolve all issue being faced by Samsung Mobile Device Factory (SMDF) before the factory started production.

He said this while speaking on the occasion of his visit to Lucky Cement Head Office here on Friday. CEO Lucky Cement Muhammad Ali Tabba and Lucky Motor Corporation (LMC) team were present on the occasion.

“He will discuss this matter within the ministry and FBR and try to resolve them before Samsung factory starts production” he reiterated.

The lucky group is setting up Samsung Mobile Device Manufacturing facility at their plant located at Bin Qasim Industrial Park, Karachi and the facility is expected to be completed by end of November 2021, the minister was informed.

The commercial Production is expected to start in December 2021, the Minister was told. The facility will have initial capacity to produce 3 million phones with a plan to double the same within 2 years from the Start of Production (SOP).

He was also told that this project will create employment of 800 + people in the first phase.

Muhammad Ali Tabba shared some issues with respect to Mobile Device Manufacturing Policy on the basis of which this investment decision was made.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 161,631.73
408.94M
3.13%
4898.86
ALLSHR 98,254.73
951.34M
2.71%
2590.07
KSE30 49,377.29
213.50M
3.40%
1624.91
KMI30 232,700.28
121.13M
2.88%
6525.03
KMIALLSHR 64,179.60
399.93M
2.39%
1496.52
BKTi 46,334.17
105.09M
5.56%
2441.42
OGTi 31,362.73
10.58M
1.56%
482.31
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,880.00 111,630.00
107,835.00
2925.00
2.73%
BRENT CRUDE 64.58 65.15
63.81
0.21
0.33%
RICHARDS BAY COAL MONTHLY 86.00 86.00
86.00
-1.90
-2.16%
ROTTERDAM COAL MONTHLY 96.50 99.00
96.50
-2.70
-2.72%
USD RBD PALM OLEIN 1,082.50 1,082.50
1,082.50
0.00
0.00%
CRUDE OIL - WTI 60.88 61.38
59.99
0.31
0.51%
SUGAR #11 WORLD 14.42 14.49
14.20
0.14
0.98%

Chart of the Day


Latest News
November 02, 2025 at 08:41 AM GMT+05:00

EPCL eyes long-term energy strategy amid gas levy uncertainty


November 01, 2025 at 12:19 PM GMT+05:00

Sindh boosts wheat sowing with Rs55bn farmer aid


November 01, 2025 at 10:45 AM GMT+05:00

Pakistan’s debt to drop to 63% of GDP by 2028


November 01, 2025 at 10:11 AM GMT+05:00

Tax filings hit record 5.9m as of October 31



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg