Advancement: President appreciates telecom sector’s progress

Credits govt’s policies for investment in the country.

ISLAMABAD:

President Mamnoon Hussain on Thursday said liberal and investment-friendly policies along with economic reforms introduced by the present government have made Pakistan a lucrative destination for foreign and domestic investors.

Talking to a delegation of VimpelCom Limited – a global provider of telecommunication services – the president believed the policies of the present government have placed the country on the path of economic progress and development.

“Pakistan offers ample opportunities for investment in the telecom sector and the government accords priority to the development of the IT and Telecom sector,” said Mamnoon, adding that the telecommunication sector has attracted substantial amount of foreign direct investment in the country.

He expressed hope that the process of the telecom spectrum auction would help generate employment opportunities, promote trade and economic activities and bring in more investment in the country.

“It would also help the telecom companies to provide better cellular services to the customers.” The president added that the country greatly valued Mobilink’s contribution to Pakistan’s economic progress and development of the telecom sector. He assured that all possible measures would be taken to provide maximum security and protection to the foreign investors.

Vimpelcom CEO Jo Lunder appreciated the telecom policy of the government which has spurred healthy competition among the leading cellular companies and said the Pakistan telecom sector has great potential and Mobilink intended to expand its network and operations in Pakistan.

He reiterated his company’s commitment towards providing the people of Pakistan with modern telecom solutions. The official said that VimpelCom Ltd was the global provider of telecommunication services and the biggest cellular operator in Russia.

“VimpelCom became the first Russian company since 1903 to list shares on the New York Stock Exchange and was known in Pakistan by its brand name of Mobilink.”

Published in The Express Tribune, April 4^th, 2014.

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