22.12 million mobile phones were “Made in Pakistan” while imports stayed at 9.95 million in 2021 (January till November).

Local manufacturing companies produced 22.12 million mobile phones between January and November 2021, while imports stayed at 9.95 million. In 2020, 13.05 million locally manufactured mobile phones were sold, compared to 24.51 million imported. Xiaomi Mobiles to manufactured in Pakistan. PTA grants license to Select Technologies Pakistan Telecommunication Authority’s new device registration system, Device Identification […]

Pakistani startups raised $375 million in 2021, 2 x times more than the last 6 years combined

Last year, Pakistani start-ups raised almost $ 375 million, more than doubling their cumulative investment over the previous six years. The inflow of foreign cash into Pakistani enterprises, which began during the coronavirus outbreak, has continued unabated, and the startup scene in the world’s fifth-largest country is about to explode. According to statistics from startup […]

Ericsson invested Rs 5.52 billion in Pakistan, plans to double it in 2022.

Syed Amin ul Haq, the Federal Minister for Information, Technology, and Telecoms, has begun to lure foreign investors, with Ericsson, the world’s largest telecommunications corporation, bringing a $31 million (Rs.52 billion) investment to Pakistan. Pakistan’s e-commerce enabler Brandverse raises multi-million dollar investment The ministry said in a statement released here on Sunday that Ericsson would […]