June 13, 2011

PTCL to invest Rs 16b by 2016


STAFF REPORT KARACHI: PTCL would invest about Rs16 billion in telecommunications sector in next five years in Pakistan.“The company is going to introduce super-speed internet very soon in Pakistan and it would be started from Korangi Industrial Area,” PTCL CEO and President Walid Irshad told the media here last week.
He said that the era of conventional telephone exchanges is now over and most modern exchanges would now be installed in Pakistan. PTCL is not being run just as phone company but as an investment-oriented company which is striving hard to introduce most modern telecommunications services.
He said that first ever new generation telephone exchange would be introduced in Karachi. He said that the company has already minimized the subscribers’ complaints and with the introduction of new services the complaints would become nil.

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