On an official visit to Norway, Prime Minister Pakistan Nawaz Sharif had a meeting with Chief Executive Officer and President, Telenor Group Jon Fredrik Baksaas.
Prime Minister Muhammad Nawaz Sharif, during his meeting with Mr. Baksaas, remarked that Pakistan’s policies offer a market-driven and pragmatic approach supported by an evolving institutional framework that facilitates regional trade and investment flows.
The Prime Minister said investment policy has been designed to provide a comprehensive framework for creating a conductive business environment for the attraction of FDI.
He appreciated the role and investment by Telenor in Pakistan and said that Pakistan’s strategic advantage in being the gateway to Central Asia, Gulf and the West Asia makes Pakistan a market full of opportunities. Pakistan’s policy trends have been consistent, with liberalization, deregulation, privatization and facilitation being its cornerstones, he added.
Mr. Baksaas appreciated the reforms and initiatives taken by the government towards stabilizing the economy and improving macro-economic stability.
He also briefed the Prime Minister about the history of Telenor, which came to Pakistan in 2004.
Telenor Pakistan is currently employing more than 2000 people directly and between 30,000-40,000 people indirectly and has around 34 million cellular customers in Pakistan. In the longer run the company also wants to enter in micro-finance sector, he informed the Prime Minister.
He said Pakistan is the only country in the world to have done biometric verification of mobile phone SIMs which can go a long way in digitization of country.