Telecom sector key driver of economic growth, job creation: Hafeez Shaikh

Federal Finance and Revenue Minister Dr Abdul Hafeez Shaikh has said that telecom is one of the fastest growing segments of Pakistan’s economy and is a key driver for growth and employment generation in the country.

The finance minister said this during a virtual meeting with Telenor Group Global President and CEO Sigve Brekke on Friday.

The finance minister appreciated the services provided by the telecom industry and assured all possible cooperation in the ongoing projects.

The CEO reiterated the company’s support to Pakistan during these testing times “as connectivity will be of great importance for the nation’s recovery efforts in the year ahead”. As an enabler of economic activity, Telenor has an important role to play in reviving the country’s long-term growth trajectory, he added.

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Brekke said creation of a predictable business environment with fair regulatory regimes for spectrum licencing and taxation remained key to improve the business climate and receive future foreign investment in Pakistan.

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