Yandex-owned international tech company Yango intends to make investments in Pakistan. In a virtual meeting, Yango President Anton Zykov reportedly discussed investment plans with Pakistan’s Federal Minister for Investment Chaudhry Salik Hussain. Asad Rehman Gilani, the secretary of the Board of Investment, led the meeting.
Yango, which is currently active in 33 nations, intends to make an investment in Pakistan and digitize that nation’s transportation network, according to Zykov. Hussain commended Yango for choosing to invest in Pakistan and welcomed the international delegation to look into additional investment possibilities, such as e-bike production.
It is anticipated that this investment will bring significant foreign investment and new jobs to Pakistan. Yango uses technology and innovation to try to make Pakistan’s transportation systems simpler. The investment is expected to stimulate Pakistan’s economy by creating jobs and luring in more foreign capital. Both nations see the potential for cooperation and advancement.
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