Prime Minister Imran Khan's endeavors to attract foreign investment have yielded promising outcomes, exemplified by the recent announcement from tech giant Facebook regarding its inaugural investment in Pakistan.


In a strategic collaboration, the American corporation has partnered with Nayatel to infuse investments into fiber broadband infrastructure, aiming to enhance and extend connectivity within the nation.


As the ongoing global impact of the coronavirus pandemic underscores the essential nature of high-speed, reliable, and affordable broadband, this initiative responds to the imperative of providing a fundamental household necessity.


Nayatel is set to deploy novel fiber networks, establishing a robust foundation for 4G/5G mobile and fixed broadband services that catalyze economic growth and job opportunities.


Within this partnership, Nayatel will assume responsibility for designing, constructing, maintaining, and operating the fresh fiber network. It will also offer wholesale capacity to mobile operators and internet service providers. Simultaneously, Facebook's investment will facilitate the expansion of the fiber infrastructure and support network planning.


This endeavor is projected to connect thousands of sites by 2022, enhancing capacity and broadening internet access to approximately 10 to 15 million individuals across eight major cities in Pakistan, as stated by Nayatel.


By investing in and aiding the establishment of these networks, Facebook contributes to empowering operators to leverage the potential of fiber infrastructure, thereby enhancing accessibility to cost-effective broadband services.


This pioneering undertaking signifies Facebook's first foray into such an initiative within Pakistan. It signifies a comprehensive strategy of investing in the nation and augmenting connectivity within the region.


While extending an invitation to all Pakistani firms for involvement in this venture, Facebook found a partner in Nayatel, which realized and brought to fruition this collaborative opportunity.


The fruition of this investment is a direct outcome of PM Khan's interactions with Facebook's Chief Operating Officer, Sheryl Sandberg. These discussions consistently revolved around matters of investment within Pakistan.


In the preceding year, the Pakistani Prime Minister held virtual discussions with Sheryl Sandberg, delving into Facebook's prospective investments in the country.


Welcoming Facebook's engagements and programs in Pakistan, the Prime Minister actively encouraged the expansion of their presence within the nation.