AIRLINK 207.49 Increased By ▲ 7.20 (3.59%)
BOP 10.37 Decreased By ▼ -0.12 (-1.14%)
CNERGY 7.19 Decreased By ▼ -0.02 (-0.28%)
FCCL 35.00 Increased By ▲ 0.06 (0.17%)
FFL 17.20 Decreased By ▼ -0.22 (-1.26%)
FLYNG 25.05 Increased By ▲ 0.20 (0.8%)
HUBC 131.80 Increased By ▲ 3.99 (3.12%)
HUMNL 14.23 Increased By ▲ 0.42 (3.04%)
KEL 4.96 Decreased By ▼ -0.04 (-0.8%)
KOSM 6.90 Decreased By ▼ -0.13 (-1.85%)
MLCF 44.70 Increased By ▲ 0.08 (0.18%)
OGDC 221.35 Decreased By ▼ -0.80 (-0.36%)
PACE 7.19 Decreased By ▼ -0.23 (-3.1%)
PAEL 43.05 Increased By ▲ 0.25 (0.58%)
PIAHCLA 17.29 Decreased By ▼ -0.10 (-0.58%)
PIBTL 8.46 Decreased By ▼ -0.05 (-0.59%)
POWER 9.11 Decreased By ▼ -0.04 (-0.44%)
PPL 190.90 Decreased By ▼ -1.83 (-0.95%)
PRL 43.25 Increased By ▲ 1.75 (4.22%)
PTC 25.11 Increased By ▲ 0.67 (2.74%)
SEARL 103.50 Increased By ▲ 2.23 (2.2%)
SILK 1.01 Decreased By ▼ -0.04 (-3.81%)
SSGC 43.01 Decreased By ▼ -0.86 (-1.96%)
SYM 18.62 Decreased By ▼ -0.14 (-0.75%)
TELE 9.26 Decreased By ▼ -0.28 (-2.94%)
TPLP 13.28 Increased By ▲ 0.20 (1.53%)
TRG 70.10 Increased By ▲ 3.91 (5.91%)
WAVESAPP 10.45 Decreased By ▼ -0.08 (-0.76%)
WTL 1.83 Increased By ▲ 0.05 (2.81%)
YOUW 3.99 Decreased By ▼ -0.05 (-1.24%)
BR100 12,069 Increased By 29.8 (0.25%)
BR30 36,896 Increased By 207.3 (0.57%)
KSE100 114,971 Increased By 167.1 (0.15%)
KSE30 36,121 Increased By 18.3 (0.05%)

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.

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...
thumb_up Recommended (0)