South Korean tech giant Samsung has been in talks with three investors for setting up a mobile manufacturing unit in Pakistan, reported Dawn.
It further said that out of three parties, one has a franchise from Korea which has already set up vehicle assembling plants in Pakistan under Auto Development Policy (ADP) 2016-21, while other two are different parties.
They said so far, no agreement has been signed as Samsung, after short listing various companies, is in the process of finalizing its plan to award the license to one of the companies for cellphone manufacturing.
The world’s biggest smartphone maker said in earnings estimate on Wednesday that it expected operating profit of around 12.5 trillion won ($11 billion) for April to June, up from 8.15 trillion won a year earlier.
