Edotco Group Plans to Enhance Investment in Pakistan

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Edotco Group Plans to Enhance Investment in Pakistan

February 1, 2019

Islamabad,
February 01, 2019 (PPI-OT): Finance Minister Asad Umar received the Malaysian
Edotco Group delegation for a meeting here on Friday. The delegation which also
included two members of the Malaysian Telecom Company, was led by Datuk Azzat
Kamaludin, Chairman of the Edotco group. Datuk Azzat Kamaludin on the occasion
said that Edotco Group shared the present Government’s vision of digital
Pakistan and would like to contribute to this end. He said the company
currently had a $ 150 million portfolio in Pakistan in telecom and had plans to
enhance it to over $ 200 million in view of the potential in this sector and a
liberal investment regime and incentives offered by the government.

The
Minister was informed that after recent visit to Malaysia by Prime Minister of
Pakistan, a number of Malaysian business delegations had visited Pakistan to
explore investment opportunities here. The High Commissioner of Malaysia as
part of the delegation also hinted at other top Malaysian company’s intention
to establish their business in Pakistan. The delegation also shared with the
Minister detail of their interaction with PTA for telecom cooperation.

Finance
Minister said economic cooperation among brotherly Muslim countries was the way
forward to prosperity. He said investment was among priority areas of the
present government and assured the delegation of his full support for Edotco as
well as other Malaysian companies’ investment plans. He said Government and
people of Pakistan looked forward to the visit of Malaysian Prime Minister’s
visit to Pakistan in March which would help boost Pak-Malaysia bilateral
cooperation.

For more information, contact:

Principal Information Officer,

Press Information Department (PID)

Tel: +92-51-9252323, +92-51-9252324

Fax: +92-51-9252325, +92-51-9252326

Email: piopid@gmail.com

Website: www.pid.gov.pk

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