CEOs of telecom companies in Pakistan met with Prime Minister Syed Yusuf Raza Gilani at the PM House and discussed with him matters, related with the cellular companies in perspective of the upcoming budget. The CEOs of Mobilink, Warid, Ufone, Telenor and China Mobile expressed their commitment to jointly invest at least US$ 1 billion in infrastructure, capital expenditure and technology in the next fiscal year to complement the enabling environment that the government is providing as a stimulus.
Ambassadors of China, Luo Zhaohui; Egypt, Megly Amer; Norway, Robert Kvite and UAE, Ali Saif Al‑Awani were also present during the meeting.
The Prime Minister appreciated the investment made by the mobile companies in the telecom sector of Pakistan, which has so far attracted foreign direct investment of US$ 9 billion amounting to 46% of country’s total FDI in the last three years.
The Prime Minister assured the meeting that the government would continue to provide incentives to the telecom industry so that the sector may continue to attract more investment and create more jobs.
The Prime Minister was informed that the telecom industry has been contributing substantial revenue to the national exchequer besides creating over one million jobs.
Minister for Investment, Senator Waqar Ahmad Khan also attended the meeting.