Pakistan has started local manufacturing of mobile phones as Chinese tech giant Vivo has officially started producing smartphones in Punjab. Situated in M-3 Industrial Estate in Faisalabad and built with a USD 10 million investment, Vivo will cater the smartphone needs of the country where currently there is a demand for 32 million phones and a total of $1 billion in spending on imports, annually. Provincial Minister ICI&SDD Mian Aslam Iqbal while sharing the update said, "Made in Pakistan Mobiles are a reality now. Mobile's Faisalabad Economic Zone facility has started production of smartphones and more companies are to follow soon InshaAllah." Shifting production in Pakistan will help Vivo offer better price points in the market and further strengthening the company’s position in South Asia. Currently Vivo has a total of 29 PTA approved facilities, out of which 17 are operational, and 3 of them are smartphone assemblers. The company has also teased that more brands will follow suit soon. The Mobile Device Manufacturing Policy provides great incentives making Pakistan ripe for potential investments. PBIT facilitated the said company for getting incentives as a zone enterprise in the Special Economic Zone and land acquisition approvals.