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Malaysias Edotco group

Malaysia’s Edotco group plans to enhance investment in Pakistan

ISLAMABAD: Malaysian business group Friday called on Finance Minister Asad Umar and discussed matters of mutual interests.

The delegation which also included two members of the Malaysian Telecom Company, was led by Datuk Azzat Kamaludin, Chairman of the Edotco group, a statement issued by Ministry of Finance said.

Datuk Azzat Kamaludin, on this occasion, said Edotco Group shared the present government’s vision of digital Pakistan and would like to contribute to this end.

He said the company currently had a $150 million portfolio in Pakistan in telecoms and had plans to enhance it to over $200 million in view of the potential in this sector and a liberal investment regime and incentives offered by the government.

The minister was informed that after recent visit to Malaysia by Prime Minister Imran Khan, a number of Malaysian business delegations had planned to visit Pakistan to explore investment opportunities here.

The High Commissioner of Malaysia as part of the delegation also hinted at other top Malaysian company’s intention to establish their business in Pakistan.

The delegation also shared with the minister detail of their interaction with PTA for telecom cooperation.

Finance Minister said economic cooperation among brotherly Muslim countries was the way forward to prosperity. He said investment was among priority areas of the

present government and assured the delegation of his full support for Edotco as well as other Malaysian companies’ investment plans.

He said government and people of Pakistan looked forward to the visit of Malaysian Prime Minister’s visit to Pakistan in March which would help boost Pak-Malaysia bilateral cooperation.

 

 

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M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.