President invites Chinese investors to exploit Pakistan's telecom sector
(Baluchistan Express, The Via Acquire Media NewsEdge) President Mamnoon Hussain on Friday said there exists huge potential for investment and profitable business ventures in the telecom sector of the country.
The President said investment can be made in manufacturing of 3G/4G compatible mobile handsets in wake of new opportunities created in the country after launch of advanced telecom services.
Talking to a delegation of IT companies headed by Fan Yunjun, CEO China Mobile Pakistan here at Aiwan-e-Sadr, the President invited the foreign investors especially the Chinese companies to take advantage of the opportunities that exist in IT sector of the country.
Appreciating Chinese expertise in the field, the President observed that greater Chinese investment in this sector would create a win-win situation for the people of the two countries besides further augmenting our traditional, time-tested and multifaceted relationship.
Highlighting investment opportunities and investor friendly policies, he said that Pakistan offered the most liberal investment policies in the region where 100 percent equity was allowed and investors could repatriate 100 percent of their profit.
The President said that Government of Pakistan accords highest priority to the development of Information Technology and Telecommunications sector for the provision of quality services, employment generation and reduction in poverty.
The President said that keeping in view the existing level of broadband penetration in nearly 190 million population of the country and its future prospects, it was an ideal opportunity for investment and growth for telecom operators and handset manufacturers. He said that after the recent spectrum auction, the demand for 3G/4G enabled devices was likely to increase significantly.
The Chinese delegation while thanking the President for meeting evinced keen interest in further exploring business opportunities in the country in telecom sector.
Anusha Rahman Khan, Minister of State for IT, Ahmad Farooq, Secretary to the President, Akhlaq Ahmad Tarar, Secretary IT, Mudassar Hussain, Member (Telecom) and Press Secretary to the President Saba Mohsin Raza were present during the meeting.
The Chinese delegation included among others Lou Peide, Secretary-General, China Mobile Communication Association (CMCA), Chan Hoi Shu, CEO, Matsunichi Digital Development (Shenzhen) Company Limited, Xie Shouyang, General Manager, Asia Markets, Yulong Computer Telecommunication Scientific (Shenzhen) Co., Ltd., Zhang Shaolin, Chairman, Shenzhen Wave Multimedia, Kang Zhen, CEO, Shenzhen Hi-Tech Electronics Co., Ltd., Sun Jingchun, CEO, GuoDing Networkspace Security Tech Ltd., Liujiping, President, Oriental Unicont Technology (Beijing) Co. Ltd., Wang Tao, CEO, Wuhan Ke Yuan AnXin Technology Co. Ltd., Steven Kang, CEO, Hitec Technology Group Co. Ltd., Jason Sun, Guoding Cyberspace Security Technologies Co. Ltd. and Simon Xie, Coolpad Group Ltd.
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