BR100 Decreased By (-0.25%)
BR30 Decreased By (-0.64%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.83 Decreased By ▼ -0.20 (-3.32%)
BML 57.90 Increased By ▲ 5.15 (9.76%)
BOP 33.79 Decreased By ▼ -0.46 (-1.34%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.79 Decreased By ▼ -0.55 (-4.46%)
FCCL 53.49 Decreased By ▼ -0.40 (-0.74%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.84 Decreased By ▼ -0.19 (-1.05%)
FNEL 1.30 No Change ▼ 0.00 (0%)
HUMNL 11.11 Increased By ▲ 0.11 (1%)
KEL 8.02 Decreased By ▼ -0.09 (-1.11%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.40 Decreased By ▼ -0.65 (-0.74%)
NBP 184.24 Decreased By ▼ -2.24 (-1.2%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.25 Increased By ▲ 0.31 (0.78%)
PIAHCLA 26.12 Decreased By ▼ -0.05 (-0.19%)
PIBTL 17.14 Decreased By ▼ -0.18 (-1.04%)
PPL 228.73 Decreased By ▼ -4.05 (-1.74%)
PRL 34.49 Decreased By ▼ -0.46 (-1.32%)
PTC 67.54 Decreased By ▼ -0.02 (-0.03%)
SEARL 90.93 No Change ▼ 0.00 (0%)
SSGC 26.83 Decreased By ▼ -0.34 (-1.25%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.33 Increased By ▲ 0.57 (6.51%)
TREET 24.51 Decreased By ▼ -0.03 (-0.12%)
TRG 71.61 Decreased By ▼ -0.14 (-0.2%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
Business & Finance

China’s Sunwalk Group to invest $2bn in Pakistan’s optical fiber network: Federal Minister Syed Amin-ul Haque

  • Sunwalk has already invested about $5m in installing Optical Fiber Cable in Pakistan
Published March 14, 2023 Updated March 14, 2023 06:02pm

Sunwalk Group, a Chinese telecom infrastructure company, plans to invest $2 billion in Pakistan’s telecom sector for the deployment of an optical fiber network, encompassing an area of 100,000km.

“Sunwalk has obtained the license to be a telecom infrastructure provider (TIP) in Pakistan. The company will lay 100,000km of fibre cable in Pakistan with an investment of $2 billion,” said Federal Minister of Information Technology and Telecommunication Syed Amin-ul Haque, during a meeting with a delegation led by the Chairman of Sunwalk Group, Hou Xingwang, on Tuesday.

During the meeting, there was a detailed discussion regarding investment opportunities and the telecom infrastructure sector in Pakistan, read a statement released by the Ministry of IT and Telecom.

It was learnt that Sunwalk has already invested about $5 million in installing Optical Fiber Cable (OFC) in Pakistan.

In the first phase, 5,000km of OFC is being laid to connect different cities of the country.

SAPM explains China’s approach to 2nd phase of CPEC

Chairman Hou said that the company enjoys long-standing relations with Pakistan and provides services to various sectors.

During the meeting, the Sunwalk delegation shared that there are difficulties in laying optical cables along railway lines, highways and motorways.

Amin-ul Haque briefed the delegation that consultation with the Ministry of Railways and Highways Authority is ongoing regarding the right of way to lay OFC. He assured the delegation that all obstacles in this regard will be removed soon.

PM invites Chinese firms to invest in SEZs

The meeting was attended by Member Telecom Muhammad Omar Malik, DG Wireless Jahanzeb Rahim while the Sunwalk delegation comprises; Lou Vice President of Sunwalk Group, Tony Li (Assistant to Chairman), Chen Dianbo (COO of Sunwalk Pakistan) and Afshaan Malik (CBO of Sunwalk Pakistan).

Comments

Comments are closed for this article.

Shahbaz Ali Mar 14, 2023 04:35pm
Nice to hear a good news amongst barrage of bad news. I hope more of such news to come...
0