Home » China’s Sunwalk Group to Invest $2 Billion for High-Speed Internet Across Pakistan
BusinessNewsTechnology

China’s Sunwalk Group to Invest $2 Billion for High-Speed Internet Across Pakistan

60
by
March 14, 2023March 14, 2023
china sunwalk group

Sunwalk Group’s $2 Billion Investment to Bring  High-Speed Internet to Every Corner of Pakistan

Sunwalk Group, a multinational private enterprise based in China, is set to invest $2 billion in Pakistan’s telecom sector for the deployment of an Optical Fiber Network covering an area of 100,000 km. The investment was announced after a high-level delegation from Sunwalk Group, led by Chairman Mr. HOU, met with the Federal Minister for IT & Telecom Syed Amin Ul Haque.

 

Sunwalk Group has already invested $5 million in the project, and the next step is to deploy 5000 km OFC. During the meeting, the discussion also focused on investment in telecom infrastructure, Optical Fiber Cable (OFC), and Right of Way (RoW). The Minister assured the delegation that all obstacles regarding the Right of Way to laying OFC would be removed soon.

This investment is expected to boost the country’s telecom sector and provide better internet services to the people. Sunwalk Group is a well-known telecom and technology-based enterprise that has developed multiple communication infrastructure projects in China and acquired a TIP License in Pakistan. The company has the expertise and resources to help the country improve its telecom infrastructure and provide better services to the people.

Also Read

Cryptocurrency Prices Nosedive, Triggering $307M in Liquidations for Trader

The Federal Minister expressed his gratitude to the Sunwalk delegation for their interest in investing in Pakistan’s telecom sector. He emphasized that the government is committed to creating a business-friendly environment to attract foreign investors. The Minister also said that the government is taking all necessary steps to ensure the success of this project and to facilitate Sunwalk Group in every possible way.

The meeting was attended by Member Telecom Muhammad Omar Malik, DG Wireless Jahanzeb Rahim, and the Sunwalk delegation. The Chairman of Sunwalk expressed his appreciation for the support and cooperation provided by the Federal Minister and his team. The investment by Sunwalk Group is expected to create job opportunities, promote economic growth, and enhance Pakistan’s telecom infrastructure. The government’s commitment to creating a favorable investment environment is likely to attract more foreign investors to the country’s growing economy.