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Samsung Partners with Sapphire Electronics for Local Production in Pakistan

  • Sapphire Electronics, a subsidiary of Reliance Cotton Spinning Mills, has partnered with Samsung for local production in Pakistan.
  • The agreement aims to manufacture and assemble Samsung-branded household appliances and electrical goods for sale in Pakistan.
  • This partnership will allow the company to domestically produce and sell Samsung products.
  • Following the announcement, RCML's share price rose by Rs. 69, reaching the upper circuit limit with a 10% increase.

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