ISLAMABAD - Chinese top Telecom giant Huawei to make huge investment in Pakistan.
Huawei Group Vice President Mark Xueman said on Wednesday that his company would invest around $100 million in Pakistan this year.
Xueman made this announcement while talking to Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar in Islamabad on Wednesday, a private media outlet reported link.
Planning Secretary Zafar Hasan, China Pakistan Economic Corridor (CPEC) Project Director Hassan Daud and other senior planning ministry officials were also present on the occasion.
The Huawei vice president said that his company would set up a Technical Support Centre in Islamabad, which will help create job opportunities for young engineers in Pakistan.
In addition, he added, the company would also invest in its existing support centre in Pakistan, besides hiring more people for the same, taking the number of its staff from 600 to 800 this year.
Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar, while appreciating Huawei’s continued engagement in Pakistan, said the leading technology company could help develop and upgrade Pakistan’s IT sector.
The minister noted that Huawei holds 25 per cent share in the mobile industry of Pakistan and is also the top taxpaying Chinese company in the country.