AIRLINK 142.41 Decreased By ▼ -2.09 (-1.45%)
BOP 10.13 Decreased By ▼ -0.03 (-0.3%)
CNERGY 7.11 Decreased By ▼ -0.07 (-0.97%)
CPHL 81.55 Increased By ▲ 0.15 (0.18%)
FCCL 44.71 Decreased By ▼ -0.04 (-0.09%)
FFL 15.10 No Change ▼ 0.00 (0%)
FLYNG 53.33 Increased By ▲ 0.42 (0.79%)
HUBC 136.05 Increased By ▲ 1.70 (1.27%)
HUMNL 11.12 Increased By ▲ 0.09 (0.82%)
KEL 5.13 Increased By ▲ 0.08 (1.58%)
KOSM 5.54 Decreased By ▼ -0.06 (-1.07%)
MLCF 81.35 Increased By ▲ 1.85 (2.33%)
OGDC 212.25 Increased By ▲ 1.45 (0.69%)
PACE 5.53 Decreased By ▼ -0.17 (-2.98%)
PAEL 38.87 Decreased By ▼ -0.73 (-1.84%)
PIAHCLA 22.06 Increased By ▲ 0.36 (1.66%)
PIBTL 8.03 Decreased By ▼ -0.12 (-1.47%)
POWER 13.57 Increased By ▲ 0.07 (0.52%)
PPL 163.63 Increased By ▲ 1.63 (1.01%)
PRL 32.21 Increased By ▲ 0.01 (0.03%)
PTC 23.43 Decreased By ▼ -0.02 (-0.09%)
SEARL 84.58 Increased By ▲ 0.08 (0.09%)
SSGC 43.00 Decreased By ▼ -0.06 (-0.14%)
SYM 14.20 Decreased By ▼ -0.25 (-1.73%)
TELE 7.35 Decreased By ▼ -0.14 (-1.87%)
TPLP 9.27 Decreased By ▼ -0.12 (-1.28%)
TRG 56.68 Decreased By ▼ -4.92 (-7.99%)
WAVESAPP 9.06 Increased By ▲ 0.06 (0.67%)
WTL 1.45 Decreased By ▼ -0.04 (-2.68%)
YOUW 4.74 Increased By ▲ 0.29 (6.52%)
BR100 12,933 Increased By 10 (0.08%)
BR30 37,084 Increased By 110.3 (0.3%)
KSE100 120,023 Increased By 20.7 (0.02%)
KSE30 36,533 Increased By 91.5 (0.25%)

ISLAMABAD: The Sunwalk Group intended to invest $ 2 billion in the telecom sector for the deployment of an optical fiber network, encompassing an area of 100,000 km over a period of time in Pakistan.

A high-level delegation of the Sunwalk Group led by Chairman HOU called on Federal Minister for IT and Telecom Syed Aminul Haque, here on Tuesday.

The meeting discussed about investment in telecom infrastructure, optical fiber cable (OFC) and right of way (RoW).

The Sunwalk (Pvt) Ltd, is a telecom and technology-based multinational private Chinese enterprise that has developed multiple telecom, communication infrastructure projects in China and has acquired the TIP License in Pakistan.

The company already started deployment and invested about $ 5 million and has a plan to deploy 5,000 km OFC as the next step.

Minister IT and Telecom Syed Aminul Haque briefed the delegation that consultation with the Ministry of Railways and Highways Authority is ongoing regarding Right of Way to laying OFC. He assured all obstacles in this regard will be removed soon.

HOU said that they have a longstanding relationship with Pakistan and also providing services to different sectors.

The chairman Sunwalk Group expressed his gratitude to Federal Minister IT Syed Aminul Haque and his team for their full support and cooperation.

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).

Copyright Business Recorder, 2023

Comments

Comments are closed.

Ahmad Mar 15, 2023 09:59am
Investment or....?
thumb_up Recommended (0)