Syed Amin-Ul-Haque, Federal Minister for Information Technology & Telecom, stated on Thursday that Pakistan is an investment-friendly nation and that the government is giving the telecom sector the most support possible for expansion.
“Jazz’s investment in Pakistan has crossed the $10.3 billion mark including around $1 billion in the last four years alone on network expansion and upgradation,” he said in a meeting with Chief Executive Officer of VEON Group Kaan Terzioglu.
Aamir Ibrahim, CEO of Jazz and a representative of EXOR, attended the conference where topics such as the import of necessary telecom equipment and investment potential were covered.
According to a news release, the IT minister was also informed of the connectivity situation in flood-affected areas.
Amin-Ul-Haque informed the team that e-health, e-education, e-agriculture, and e-commerce all offered significant investment prospects.
“Healthy competition in the Telecom Sector is essential for providing better connectivity to consumers,” he said vowing to resolve the issues of the sector on priority.
He claimed that the Prime Minister Advisory Council on IT & Telecom had received recommendations from the telecom committee regarding the issues it was experiencing.
Jazz CEO Aamir Ibrahim and VEON Group CEO Kaan Terzioglu informed the minister about Jazz’s investment in Pakistan.
They also emphasized the need for a strong and stable telecom sector, which serves as the backbone of a nation’s digital ecosystem and powers almost every other economic sector.
A strong telecom sector is also a must for consistent customer service quality improvement.
According to them, the government would be better positioned to draw in new investments for its vital digital infrastructure and services portfolio if it had stable policies and an enabling regulatory environment.
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