Apple to start iPhone production in Pakistan, thanks to government
Big news—Apple is about to start making and refurbishing iPhones in Pakistan, all thanks to a fresh government plan offering some pretty attractive incentives.
The first step? Refurbishing slightly older iPhones for export, which could bring in $100 million just in the first year.
It's a move that puts Pakistan on Apple's global manufacturing map.
Pakistan's push for regional tech hub
Pakistan isn't just hoping for shiny new factories—it's aiming to become a regional tech hub.
The government has proposed increasing performance incentives from 6% to 8%, included provision of land at discounted rates in a proposed framework, and set goals for more local parts in devices (manufacturers have assured the government they would increase use of local parts from 12% to 35% in the first year).
Plus, with a new export levy on high-end phones and plans covering everything from laptops to earbuds, this could mean more jobs, investment (including $557 million expected from Chinese firms), and serious tech growth for the country.