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HBL to provide PKR 4 billion for telecommunication tower business of Engro

admin-augaf by admin-augaf
March 2, 2022
in Business
Reading Time: 1 min read
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HBL to provide PKR 4 billion for telecommunication tower business of Engro

HBL to provide PKR 4 billion for telecommunication tower business of Engro

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Karachi March 2 2022: Engro Enfrashare has entered a financing arrangement amounting to PKR 4 billon with Habib Bank Limited, the largest bank of Pakistan, for the development of telecommunication tower sites for various mobile network operators (MNOs).


A L S O || R E A D

Engro Powergen Thar 660MW Power Plant goes offline due to explosion



According to Ghias Khan, President & CEO Engro Corporation, “Since starting its operations in late 2018, Engro Enfrashare has grown to become Pakistan’s largest independent telecom tower company."

He added "This arrangement with HBL will strengthen our long-standing relationship and support Engro’s vision to expand its footprint in the Telecom Infrastructure vertical to power Pakistan’s progress in the digital era.”

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