HYF Plans $20M Investment in Laptop Plant in Pakistan
The Government Plans to introduce a Mobile Device Policy, which will also cover policies relating to laptops and tablets assembling and manufacturing in Pakistan.
Chinese Laptop Company has expressed interest in setting up a laptop and tablet manufacturing industry in Pakistan.
The Chinese company specializes in the production of laptops, fingerprint devices, and tablets.
SAPM Haroon Akhtar Khan held a meeting with the Chief Executive Officer (CEO) of the Chinese Laptop Company HYF on the Establishment of a Laptop Plant in Pakistan.
This company is already providing biometric devices to banks in Pakistan. It is also manufacturing laptops that are converted into tablets.
They have assured Pakistan to provide laptops and tablets at lower prices to the customers compared to other brands in Pakistan.
HYF has positioned itself as a hardware integrator and ODM/OEM. It has focused on biometrics devices, tablet PCs, and also “Laptop & Notebook” products.
During a meeting, SAPM Haroon Akhtar Khan emphasized that Prime Minister Shehbaz Sharif has directed that all possible facilitation be provided to Chinese investors. He reaffirmed that Chinese investors are the government’s top priority, and their investments in Pakistan will remain fully secure.
He further stated that, under the vision of Prime Minister Shehbaz Sharif, the Government of Pakistan will introduce a Mobile Device Policy which will also include laptops and tablets.
Highlighting investor facilitation measures, Haroon Akhtar Khan informed that the visa policy for Chinese investors has been improved, enabling the issuance of visit and business visas within 24 to 72 hours.
SAPM Haroon Akhtar Khan also directed the Pakistan Industrial Development Corporation (PIDC) and the Engineering Development Board (EDB) to extend full cooperation to HYF for the successful establishment of the project in Pakistan.
Pakistan has been heavily dependent on imports of laptops and computers to meet its demand. Estimates suggest that Pakistan fulfills around 99% of local demand through imports because the domestic production is still negligible. In 2023, the country imported computers worth $284 million, whereas exports stood only at $2.9 million.How to remove pressure marks from laptop screen in 2024
Some local assembly exists. Haier Pakistan has set up a laptop assembly plant in Lahore, which is supplying devices for initiatives such as the Prime Minister’s Youth Programme since 2014–15.
A major new development is a Chromebook assembly plant in Haripur, which is a joint venture of NRTC Pakistan, Allied Australian, and Tech Valley Pakistan with Google for Education. It has an initial annual capacity of 500,000 units, which is scalable to 1 million units.