fbpx
  • Region
    • Pakistan
    • UAE
    • Saudi Arabia
    • Qatar
    • Bahrain
    • Oman
    • Kuwait
  • About
  • Press Kit
  • Media Pack
  • Contact
CEO Times
No Result
View All Result
Wednesday, November 29, 2023
22 °c
Lahore
21 ° Thu
20 ° Fri
20 ° Sat
20 ° Sun
  • Home
  • Business News
  • Startup News
  • Lifestyle
  • CouncilsJoin Now
  • Databank
  • Home
  • Business News
  • Startup News
  • Lifestyle
  • CouncilsJoin Now
  • Databank
CEO Times
No Result
View All Result
Home Sector Retail & Consumer

Samsung Electronics starts manufacturing TVs in Karachi

11 December 2021
in Retail & Consumer
Reading Time: 1 min read

Samsung Electronics, a South Korean technology behemoth, has launched its first TV line-up plant in Karachi in conjunction with a local business, Commerce Adviser Razak Dawood disclosed on Monday.

The development is a big boost for Pakistan’s electronic sector, as the country attempts to entice further multinational corporations to establish more plants in the country.

Industries PVT Ltd and Samsung have agreed to establish a facility in Karachi’s Korangi Industrial Area. The factory’s building and fabrication are already finished.

The project’s commercial revenue is anticipated to reach Rs5 billion each year, with an annual aim of manufacturing 50,000 TV units. According to the local firm, this agreement will help create up to and more than 700 chances in Pakistan.

Samsung Electronics, founded in 1969, soon climbed to prominence in the Korean market. This swiftly expanded to Samsung becoming a prominent worldwide brand and one of the world’s leading television makers for the last 15 years.

In July, Samsung Gulf Electronics Co., FZE (Samsung) entered into a partnership with Lucky Motor Corporation (LMC), a subsidiary of Lucky Cement Limited, to manufacture Samsung-branded mobile devices in Pakistan.

Source: PhoneWorld

Related Posts

Maha Shahzad

BusCaro secures $1.5 million in pre-seed funding

25 November 2023
NESTO Hypermarket

NESTO Group unveils expansion plans with $26 million investment in Bahrain

30 October 2023
Nestle Logo

Nestlé Pakistan announces 2 new director appointments

24 October 2023
McDonald's

McDonald’s Pakistan pledges PKR 10 million donation to Gaza victims

19 October 2023
Next Post
Pakistani fashion e-commerce startup Clicky raises $2.4mn in Series A funding

Pakistani fashion e-commerce startup Clicky raises $2.4mn in Series A funding

ADVERTISEMENT

Copyright © 2023 CEO Times (SMC-Private) Limited

  • Privacy Policy
  • Terms & Conditions
  • Sitemap
No Result
View All Result
  • Home
  • Business News
  • Startup News
  • Lifestyle
  • Councils
  • About
  • Contact
  • Media Pack

Copyright © 2023 CEO TIMES (SMC-Private) Limited