Latest news with #EngroCorporation
Business Recorder
24-05-2025
- Business
- Business Recorder
Engro approves partnership with Jazz to expand telecom infrastructure
KARACHI: Engro Holdings Limited has announced that Engro Corporation Limited has secured all approvals for its strategic partnership with Pakistan Mobile Communications Limited ('Jazz') and its parent company, VEON Group to expand telecom infrastructure, paving the way for Pakistan's digital future. With this approval and through a Scheme of Arrangement, Jazz's shareholding in Deodar (Private) Limited, which houses its telecom infrastructure assets, will vest with Engro Connect (Private) Limited, a subsidiary of Engro Corporation. In line with previous disclosures, this amalgamation marks a significant private-sector investment in Pakistan, and with all approvals secured, millions of Pakistanis are now poised to benefit from the efficiencies of shared infrastructure. By accessing Engro's combined portfolio of over 14,000 towers, all Mobile Network Operators (MNOs) will have equal access to a high-quality, nationwide infrastructure platform. This will enable them to reduce capital and operating expenditures, focus on enhancing service quality, and pass cost efficiencies onto customers, helping millions more Pakistanis come online. As demand and technology continue to evolve, Engro's extensive tower platform is also well-positioned to support future innovations. Around the world, telecom towers are already being used for more than just mobile signals from powering smart cities to strengthening community infrastructure. Beyond today's connectivity needs, Engro is preparing for tomorrow's possibilities, reaffirming our commitment to Pakistan's economic development and to its enduring promise as a land of opportunity and resilience. Pakistan is standing at the threshold of a digital future, where financial inclusion takes off, start-ups can emerge from any corner, students can learn from global classrooms, and families can access healthcare remotely. This is a moment of shared progress and a reflection of the fact that Pakistan has a powerful growth story to tell. On this development, Chairman of Engro, Hussain Dawood, has said that this investment further reinforces commitment to this great nation, where we believe in investing in connectivity which is the foundation of our digital future. It gives our people the empowerment, enablement, and environment to take control of their lives and thrive, he added. CEO of Engro Holdings, Abdul Samad Dawood, remarked, 'Prosperity and progress increasingly rely on technology and connectivity and with this milestone, Engro strengthens its role as an enabler of Pakistan's progress. This investment reinforces telecom infrastructure as a key vertical for us and we are keen on expanding access, empowering communities, and future proofing the infrastructure that will drive growth for generations to come, he added. President and CEO of Engro Corporation, Ahsan Zafar Syed has said that venturing into this sector in 2018 was a bold leap for Engro into uncharted territory. But this achievement is a testament to what belief, partnership, and perseverance can deliver made possible by the dedication of our teams. Copyright Business Recorder, 2025
Express Tribune
24-03-2025
- Business
- Express Tribune
'Govt-private sectorcollaboration key toindustrial growth'
Yousaf added that holding of a plot for more than five years was major impediment in the colonisation of M-3 Industrial City. PHOTO: FILE Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, emphasised on Monday that collaboration with the private sector is essential to addressing large-scale industrial production challenges. During a meeting with Engro Corporation Chairman Hussain Dawood, Khan highlighted the government's efforts to promote investment and create an enabling environment for industrial growth. According to a press release issued by the ministry, the discussion focused on restoring business confidence and facilitating ease of doing business in Pakistan. Both sides stressed the need for large-scale institutional investment and active private sector participation to accelerate economic progress. "The government is taking all possible measures to encourage investment and ensure sustainable economic development," said Khan. He also underscored the role of the Special Investment Facilitation Council (SIFC) in attracting both domestic and international investment. Additionally, he announced the establishment of a One Window Facilitation Centre to streamline business procedures and enhance ease of doing business in Pakistan. Khan emphasised that public-private partnerships are crucial for sustainable industrial development. Meanwhile, Dawood expressed confidence in the government's pro-business initiatives and appreciated the steps being taken to improve the overall business climate.
