The recent example of Ericsson – the world’s largest telecommunications business – investing a total of $31 million worth of investment into the Pakistani arena exemplifies how concerted attempts to lure foreign investment to Pakistan have obviously been bearing fruit.
Syed Amin-ul-Haq, Pakistan’s Federal Minister for Information Technological and Telecommunications, said in a statement released on Sunday that Ericsson would use the funding to construct an offshore operations centre, technology training, and 5G R&D in Pakistan.
Amin Ul Haque and Ekow Nelson, Chairperson of Ericsson Pakistan at Ericsson Middle East and Africa, met the other day to discuss digitalization, talent development, and engineering training in line with the vision of Digital Pakistan.
Mr. Nelson reaffirmed his company’s commitment to providing the greatest technology to Pakistan and advancing the country’s digital agenda throughout the discussion.
“Ericsson is committed to expansion and diversification to bring investment and the best technology to Pakistan in line with the vision of Digital Pakistan,” he said. “The successful meeting with the Ministry is promising and we are looking forward to the future of technological advancement in the country.”
The minister believes that Ericsson’s investment will result in a large number of job opportunities and will help the country implement 5G services. Direct foreign investment, according to Amin, is a demonstration of international organisations’ trust in Pakistan.
The minister assured foreign investors of all kinds of support and facilities, saying that IT and telecoms are two industries with a lot of room for international investment.
To read our blog on Ericsson is being urged to engage Pakistani youth – Federal Minister of IT, click here.
