Abdul Razak Dawood, Advisor to PM on Commerce, has rejected the fake rumor regarding Samsung imminent arrival in Pakistan local industry.

He tweeted a short statement, denying all rumors and reports which stated that Pakistan has failed to convince Korean mobile manufacturing company, Samsung, to establish its manufacturing plant in the country.

a joint venture with their local partner Lucky Motor Corporation for producing Samsung mobile devices in Pakistan soon.

— Abdul Razak Dawood (@razak_dawood) July 29, 2021

“Samsung has changed its earlier decision & now has agreed to come to the country as a joint venture with their local partner Lucky Motor Corporation for producing Samsung mobile devices in Pakistan soon,” Razak Dawood clarifies.

The Samsung-Lucky Motor Corporation (LMC) joint venture will continue to seek required regulatory licenses to establish an official business structure in accordance with the above-mentioned explanation.

The manufacturing facility for the mobile giant will be located at the LMC’s plant facility in Port Qasim Industrial Park, which produces vehicles.

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