PAF – Karachi Institute of Economics and Technology

Course: Management of Air Cargo

Faculty: Danyal V. Zephyr
Class ID: 112537
SID: 12977
Name: Safwan Hafiz
Date: 25-04-2023

Examination: Assignment No: 03 Due Date: 10-05-2023

ToTotal Marks 02

Q1). Analyze the Article “Thousands of Jobs at stake as phone makers close shop in Pakistan.” Also
suggest a suitable remedial strategy. (Maximum 500 to 600 Words)

The article "Thousands of Jobs at stake as phone makers close shop in Pakistan" draws attention to
the closing of mobile phone manufacturing facilities in Pakistan, which resulted in the loss of
thousands of jobs. The country, which is already experiencing economic difficulties as a result of the
COVID-19 pandemic, has suffered a considerable loss of revenue as a result of the closure of these
industries.

According to the story, a number of manufacturers of mobile phones, including Nokia and Haier,
have shut down their Pakistani production facilities. The livelihoods of thousands of workers who
were employed in these factories have been impacted by this decision. These plants were shut down
for a number of reasons, including government policies and an unfavourable business environment.

The article highlights how it is challenging for firms to operate in Pakistan due to government laws
and regulations. Companies have found it challenging to develop and maintain their operations in
the nation due to a lack of financial incentives and other support for foreign investors. The essay also
addresses the problem of corruption, which has complicated efforts by businesses to run operations
transparently and effectively.

The piece also highlights how Pakistan's economic difficulties have been made worse by the COVID-
19 outbreak. Many businesses have battled to survive in this atmosphere as the pandemic has
hampered the nation's economic development. The economic difficulties Pakistan is facing have
been made worse by the closure of mobile phone manufacturing facilities.

Pakistan must put corrective measures in place to solve these problems and make the business
environment more favorable. To get foreign investors to invest in the nation, the government must
first offer incentives and support. Tax benefits, simpler regulatory procedures, and enhanced
infrastructure are a few examples of this. The government must also take steps to increase
accountability and openness in business practices in order to combat corruption.

Pakistan must also make investments in its human capital by offering education and training to
workers in various industries. The Pakistani government should endeavour to enhance its
educational system so that its people receive technical and vocational training, as this would assist
develop a pool of trained workers that mobile phone manufacturers may use. This will make it easier
for the workforce to adapt to the shifting needs of the global economy and develop their skill sets. In
order to support the development of the nation's digital economy, the government must also make
investments in technology and innovation.

The Pakistani government might also concentrate on fostering regional entrepreneurship and aiding
local companies in establishing their own mobile phone manufacturing capabilities. This would not
only support local economic growth and the creation of jobs but also lessen the reliance of the
nation on foreign corporations.

Conclusion:

In conclusion, the closure of Pakistan's mobile phone manufacturing facilities is a serious setback for
the economy of the nation and emphasizes the need for corrective measures to foster an
environment that is more favorable to enterprises. The government must put in place measures to
promote foreign investment, combat corruption, and spend money on technology and human
capital. These actions will ensure that workers have access to employment possibilities in the future
and contribute to the development of a more sustainable and successful economy.