The multinational companies have started shutting down their mobile phone assembling units in Pakistan due to shortage of dollars, reported 24NewsHD TV channel on Tuesday.
It has been learnt that three big multinational companies have closed down their cell phone assembling units which has sent a wave of concern among the traders of the mobile phone markets in Lahore.
“Due to the shortage of dollars, mobile phone companies are facing difficulties in sending capital to their head offices abroad,” Lahore Traders Rights President Sardar Azhar Sultan said while talking exclusively to City42 TV channel.
“The business community also faces difficulties in importing mobile phone accessories. The Letters of Credit (LCs) are not being opened. Goods are not coming. How will the businesses run?” he expressed serious concern.
Reporter: Shehzad Khan Abdali