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 163,806.22
500.44M
-0.39%
-638.50
ALLSHR 99,845.79
1,977.49M
-0.42%
-417.42
KSE30 50,123.85
153.24M
-0.68%
-343.31
KMI30 238,530.50
71.49M
-0.36%
-850.63
KMIALLSHR 65,898.10
543.80M
-0.37%
-245.35
BKTi 46,380.96
92.15M
-0.49%
-229.01
OGTi 31,857.40
12.33M
-1.20%
-387.93
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,220.00 109,470.00
103,745.00
-1225.00
-1.13%
BRENT CRUDE 61.34 61.47
60.14
0.28
0.46%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.00
-1.23%
ROTTERDAM COAL MONTHLY 93.20 93.50
93.20
0.05
0.05%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 57.25 57.32
56.15
0.26
0.46%
SUGAR #11 WORLD 15.53 15.88
15.45
-0.27
-1.71%

Chart of the Day


Latest News
October 18, 2025 at 01:59 PM GMT+05:00

SBP Revokes License of Exchange Company


October 18, 2025 at 01:36 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


October 17, 2025 at 05:29 PM GMT+05:00

MLCF profit doubles in Q3FY25


October 17, 2025 at 05:04 PM GMT+05:00

PSX Closing Bell: A Hazy Shade of Red



Top 5 things to watch in this week

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