HYF Expresses Interest in Local Production
ISLAMABAD: A Chinese tech giant, HYF, plans to manufacture laptops and tablets in Pakistan. HYF, a leading Chinese technology company, has expressed its intention to establish a laptop and tablet manufacturing industry in Pakistan. The decision was discussed in a meeting between HYF’s CEO and Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan.
Government Promises Full Facilitation
SAPM Haroon Akhtar Khan emphasized that Prime Minister Shehbaz Sharif has directed maximum facilitation for Chinese investors. He assured HYF that their investment will remain fully secure under the government’s pro-business policies. Additionally, he highlighted ongoing efforts to create a favorable environment for technology-driven industries.
Mobile Device Policy to Boost Manufacturing
The government is currently finalizing a Mobile Device Policy that will extend beyond smartphones to include laptops and tablets. This policy aims to encourage local production and reduce reliance on imports. Consequently, HYF’s initiative aligns with Pakistan’s broader strategy to promote indigenous technology manufacturing.
Streamlined Visa Policy for Chinese Nationals
To further attract investors, the government has revised its visa policy for Chinese nationals. Business and visit visas are now processed within 24 to 72 hours. This streamlined system reflects Pakistan’s commitment to ensuring ease of doing business for international partners.
Agencies Directed to Provide Support
Haroon Akhtar Khan instructed the Pakistan Industrial Development Corporation (PIDC) and the Engineering Development Board (EDB) to extend complete cooperation. Their role will be crucial in supporting HYF for the successful launch of its laptop and tablet project in Pakistan.
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