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Monday, October 3, 2022

Javed Afridi hints at iPhone assembly plant in Pakistan

Pakistan’s businessman Javed Afridi says he is in talks with Apple to bring an iPhone assembly plant to the country.

Afridi made the breaking revelation on Twitter in response to a question from journalist Shiffa Yousafzai:

Afridi is best known for having stakes in Haier and MG’s local units. He is also the chairman and owner of Pakistani T20 cricket franchise Peshawar Zalmi.

iPhones and other Apple products sold in Pakistan are subject to high import tariffs if they aren’t made locally, driving up the price.

Govt addresses mobile blockage issue of overseas Pakistanis with new system

Apart from imposing 17 percent sales tax to meet one of the conditions of the International Monetary Fund (IMF) for the revival of the stalled $6 billion loan program, the government also increased the fixed tax rate on the import of mobile phones valued more than $200.   

The imposition of new tax regulations has made imported high-end mobile phones around 30 percent costlier.

Eventually, if Apple ends up setting up some form of manufacturing plant in the country it could reduce the impact of these tariffs to make iPhones more affordable and accessible in the country.

Apple announced its new iPhone SE earlier this week, which now supports 5G and the processor is boosted up to its A15 Bionic chip and it has the same tough glass that’s used on the iPhone 13 making it a great budget option at just $429.

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