Huawei to invest USD 100 mln in Pakistan this year

Huawei to invest 100 mln in Pakistan this year
Islamabad: Huawei Group Vice President Mark Xueman said on Wednesday that his company would invest around $100 million in Pakistan this year.

Xueman made this announcement while talking to Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar in Islamabad on Wednesday.

Planning Secretary Zafar Hasan, China Pakistan Economic Corridor (CPEC) Project Director Hassan Daud and other senior planning ministry officials were also present on the occasion.

The Huawei vice president said that his company would also set up a regional headquarters in Islamabad at a cost of $55 million, which “will create job opportunities for young engineers in Pakistan.”