Pakistan Safe for Investment: Huawei

Pakistan is safe for investment and its growth in telecom is highly impressive, a world’s leading telecom solutions provider said Thursday.

We have found policies of Pakistan very friendly towards local as well as foreign investors and we plan to boost our investments here, said Mr. Qiu Xuefeng, Deputy President, Huawei Technologies Co. Ltd.

This he said while talking to Dr. Murtaza Mughal, President Pakistan Economy Watch, who was on a visit to Huawei’s global core network workshop to acknowledge company’s contribution towards the development of telecom sector.

Mr. Qiu Xuefeng informed him that our core network solutions are the key factors to enhance the operational excellence, the foundation for increasing revenues from new services and the backbone of service specialisation.

We want to share our achievements with telecom operators of Pakistan who are neck-to-neck with top operators of the world, he said.

“We have conducted workshops in Pakistan, Indonesia and Thailand and will soon arrange such workshops in Middle East, Europe, Latin America and USA.” Mr. Qiu informed. Presently one billion people are benefiting from our technologies.

At the occasion, Dr. Murtaza Mughal said, we admire the phenomenal growth, achieved by our Chinese friends. They have achieved such success in a couple of decades what others could not.

While calling Huawei as a long-term strategic partner, Dr. Mughal emphasized that Pakistan offers vast investment opportunities in the telecom sector as it is the most connected country in South Asia, with the highest teledensity.

Pakistan has the world’s largest WiMAX network while it has one of the world’s most aggressive Fibre-to-the-Home rollouts. He said that PEW believes more opportunities are waiting to Huawei and other investors in Pakistan.

He drew attentions of Huawei officials to step into other IT related fields and internet security business in a bid to serve the humanity.

The company is set to rule the global telecom solution industry as far as it allocates 10 per cent of its revenue in R&D. It is just a matter of time before Huawei becomes a major player across the world; others will easily become a non-factor, said Dr. Mughal.