The Prime Minister of Pakistan Shahbaz
Sharif held a pivotal meeting today with the CEO of Transsion Holdings Mr. Zhu
Zhaojiang, along with local Pakistani manufacturing partners the CEO of Inovi
Telecom Mr. Zeeshan Mianoor, CEO of Techno Pak Telecommunication Aamir
Allahwala and the CEO of Air Link Communication Muzzaffar Hayat Paracha. This
significant engagement marks the beginning of a new era for future investment
in Pakistan, focusing on the massive production of smartphones, electric bikes,
and advancements in the fintech sector—the discussions aimed at enhancing
bilateral cooperation required to make Pakistan a global smartphone
manufacturing hub.
The meeting is poised to bring
substantial benefits to both Pakistan and China, promoting technological
advancements, creating numerous employment opportunities, and increasing the
transfer of technology from China to Pakistan. The collaboration promises to
drive innovation and strengthen economic ties, fostering a mutually beneficial
partnership. "This initiative not only underscores our commitment to
technological progress in the smartphone area but also highlights our
dedication to creating sustainable employment opportunities and fostering
economic growth in Pakistan," said Mr. Zeeshan Mianoor CEO of Inovi
Telecom.
Transsion Holdings, which operates
several renowned brands globally, ranked fourth in global smartphone
shipments in Q1 2024, according to the IDC Quarterly Mobile Phone Tracker. They
captured 9.9% of the market share in Q1 2024 which is 84.9% more than the 5.7%
they captured in Q1 2023. This is the largest year-over-year growth out of the
top 5 smartphone companies listed. The company's strategic focus on Pakistan
underscores its commitment to expanding its footprint and contributing to the
technological landscape of the country.
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