Pro­fes­sion­als Net­work to in­vest $12.1m in IT

The Pak Banker - - 2 National -

KARACHI: There will be an in­vest­ment to the tune of dol­lars 12.1 mil­lion in the IT in­fra­struc­ture.

This was an­nounced by the Pro­fes­sion­als Net­work Pak­istan on Mon­day.

It said that with this in­vest­ment, the Net­work will es­tab­lish busi­ness cen­tres in the coun­try. The first such cen­tre will be­come op­er­a­tional in Karachi in a week's time.

A state­ment on Mon­day said that the Pro­fes­sion­als Net­work Pak­istan Pri­vate Limited, a sub­sidiary of Washington, DC based Pro­fes­sion­als Net­work LLC, has se­cured $12.1 mil­lion from a syn­di­cate of high net worth in­di­vid­ual in­vestors in Karachi.

Pro­fes­sion­als Net­work is com­monly known as Res­base Group glob­ally. The funds will be ex­clu­sively chan­neled into the com­pany's new Hexaof­fice brand. -App

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