Samsung Electronics operationalizes its first TV Line-up plant in Karachi

BusinessSamsung Electronics operationalizes its first TV Line-up plant in Karachi

KARACHI, Pakistan: The South Korean technology giant Samsung Electronics has operationalized its first TV Line-up plant in Karachi in collaboration with R&R Industries (Pvt) Limited.

Congratulating Samsung Electronics on operationalizing its first TV Line-up plant in Pakistan, the Prime Minister’s Advisor on Commerce Abdul Razak Dawood told that initially, the unit will produce 50,000 TV sets and increase the capacity to 100,000 units within two years.

The adviser said that this is in line with the Make-in-Pakistan policy of the Ministry of Commerce.

“I urge all our firms to partner up Handshake with leading international companies to set up units in Pakistan,” Abdul Razak Dawood said.

In September 2021, the Chief Executive Officer (CEO) of R&R Industries Moosa had announced that the Company would set up a manufacturing plant for the Samsung TV lineup in Karachi’s Korangi Industrial Area, and in that regard, signed an agreement with the South Korean technology giant.

Must read

Recent News

Gold Price in Pakistan Today – 22 August 2024

0
On Thursday (August 22, 2024), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 261,450.000.It's important to note that gold...

Pakistan’s New Envoy to US stresses need for result-oriented diplomacy

0
The newly appointed Pakistani Ambassador to the United States Rizwan Saeed Sheikh has formally assumed his diplomatic responsibilities as Pakistan’s Ambassador to the United...

Pakistan urges int’l community to stand in solidarity with victims of state terrorism in...

0
ISLAMABAD, Pakistan: Pakistan has called upon the international community to stand in solidarity with victims of state terrorism in Indian Illegally Occupied Jammu and...

State Bank decides to change all currency notes from Rs 10 to Rs 5000

0
ISLAMABAD, Pakistan: The State Bank of Pakistan (SBP) has decided to change all the currency notes from Rs 10 to Rs 5,000 by the...

Banks asked to provide 40% loans to SMEs to promote small businesses: PM

0
ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif has said that he has asked the banks to provide at least 40 percent of loans to the...
Advertisement