Pakistan ideally suited for investment in telecom sector: PM

ISLAMABAD: Prime Minister Nawaz Sharif has said that Pakistan offers an ideal environment for telecom sector as the country has one of the largest cellular phone subscribers.

The government believes in open and transparent business policies so that both local and foreign investors are further motivated to explore the business opportunities in Pakistan. He was talking to Jean Yves Charlier, CEO VimpelCom at the PM House Monday. Minister of State (MOS) for Information Technology (IT) Anusha Rehman Khan and Secretary to PM Fawad Hasan Fawad were also present on the occasion.

The prime minister reminded the visitor that international business community’s confidence to invest in Pakistan has been restored due to the incentive-based transparent policies of the government. He said the government’s clear policies have especially revolutionised the telecom sector and successful launch of 3-G and 4-G in the recent past is a testimony to this. “We are encouraging the telecom companies to expand their outreach to far-flung areas of the country so that majority of the masses benefit from the technology, added the prime minister.

Terming the Telecom industry of Pakistan promising and vibrant, Jean Yves Charlier appreciated the business-friendly policies of the government. The CEO VimpelCom said that teledensity in Pakistan is one of the highest in the region which makes the country one the favourite destination for foreign investors.