Malaysian company to invest $250m in telecom industry

By APP
Published: February 1, 2019
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Edotoc chairman Datuk Azzat Kamaluddin calls on Prime Minister Imran Khan in Islamabad on Friday. PHOTO: PID

Edotoc chairman Datuk Azzat Kamaluddin calls on Prime Minister Imran Khan in Islamabad on Friday. PHOTO: PID

ISLAMABAD: Malaysia’s Edotco Group plans to increase its investment in Pakistan by $250 million in the next five years.

The plan was revealed by the group’s chairman Datuk Azzat Kamaluddin, who called on Prime Minister Imran Khan in Islamabad on Friday.

Edocto, an integrated telecommunications infrastructure services company which specialises in end-to-end solutions in the tower services, has an existing investment of $100 million in the country.

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The prime minister highlighted the steps being taken to improve ease of doing business in Pakistan, and assured that all possible facilitation would be provided to investors.

The group chairman appreciated the PM’s vision, as well as the policies of the government.

Separately, the Malaysian delegation led by Kamaludin also called on Finance Minister Asad Umar, and shared his company’s plans for cooperation in the telecom sector.

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