Thursday, 12 December 2019, 06:50:48 am
Huawei Group announces to invest $100m in Pakistan this year
July 17, 2019

Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar, while appreciating Huawei's continued engagement in Pakistan, says the leading technological company can support in developing and upgrading IT sector of Pakistan.  

Talking to Vice President of Huwaei Group, Mr. Mark Xueman, who along-with a delegation called on him in Islamabad on Wednesday, he said Huawei has twenty-five percent share in mobile industry of Pakistan and is also the top tax-paying Chinese company in the country.

The Minister appreciated Huawei's engagement with Higher Education Commission for smart schools project with the latest information and communications technology equipment.

He underlined on exploring new business models for future projects and joint ventures in Pakistan.

He said that Huawei can contribute to the Government's e-governance initiative as well in centralizing data to improve efficiency and productivity.

The Minister opined that Huawei can support IT start-up projects in Pakistan to benefit the youth in this important sector.

The Vice President of Huawei said that Pakistan is a strategic market for Pakistan and said that the company will invest around one hundred million dollars in the country this year.

He apprised that Huawei will also set up a regional headquarters in Islamabad at a cost of fifty-five million dollars that will create job opportunities for young engineers in Pakistan.

He said Huawei would also invest fifteen million dollars more in its Technical support Centre in Pakistan and it will also hire more work force for the same taking the number of its staff from six to eight hundred this year.