Shahzaz ud din
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Pakistan’s Telecom sector received $92 million Foreign Direct Investment between July-August
By
Maryam Dodhy on September 19, 2017 - Like us now!
signed a near $1 billion deal to acquire Jazz’s tower business in Pakistan.
Overall, Pakistan’s telecom sector has been doing pretty well so far with the government also putting in an effort. IT Minister, Anusha Rahman, on several occasions, has stressed the importance of digitizing Pakistan and aims to take Software and Telecom exports to $6 billion by 2020. Pakistan’s close ties with China have also been a contributing factor in uplifting the telecom sector. Earlier this year, PTCL and China Telecom Global signed an MoU to bring fiber optic cables to Pakistan’s underserved areas.
Apart from the telecom sector, figures released by the State Bank of Pakistan reveal that other top performers in terms of FDI included the power sector which attracted $210.8 million, the communications brought in an FDI of $94.5 million.
Oil and gas exploration companies also drew $30.6 million in FDI.
By
Maryam Dodhy on September 19, 2017 - Like us now! 
signed a near $1 billion deal to acquire Jazz’s tower business in Pakistan.
Overall, Pakistan’s telecom sector has been doing pretty well so far with the government also putting in an effort. IT Minister, Anusha Rahman, on several occasions, has stressed the importance of digitizing Pakistan and aims to take Software and Telecom exports to $6 billion by 2020. Pakistan’s close ties with China have also been a contributing factor in uplifting the telecom sector. Earlier this year, PTCL and China Telecom Global signed an MoU to bring fiber optic cables to Pakistan’s underserved areas.
Apart from the telecom sector, figures released by the State Bank of Pakistan reveal that other top performers in terms of FDI included the power sector which attracted $210.8 million, the communications brought in an FDI of $94.5 million.
Oil and gas exploration companies also drew $30.6 million in FDI.
