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Jazz’s investment in Pakistan has crossed $10.3 billion: Federal Minister IT Amin Ul Haq

The Federal Minister for IT welcomed the VEON delegation in the meeting and discussed related to the telecom sector, import of essential telecom equipment, and investment opportunities in the IT and telecom sector.

Press Release
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Jazz’s investment in Pakistan has crossed $10.3 billion

The Chief Executive Officer of VEON Group Kaan Terzioğlu accompanied by CEO Jazz Amir Ibrahim and a representative of Exor company called on Federal Minister for IT and Telecommunication Syed Amin Ul Haque here on Thursday.

The Federal Minister for IT welcomed the VEON delegation in his office, and matters related to the telecom sector, import of essential telecom equipment, and investment opportunities in the IT and telecom sector were discussed in detail during the meeting.

The Federal Minister for IT was also briefed on the connectivity status in flood effected areas. While talking to the delegation, Federal Minster for IT & Telecom Syed Amin Ul Haque said that Jazz’s investment in Pakistan has crossed $10.3 billion including around $1 billion in the last four years alone on network expansion and upgradation, adding that these figures show that Pakistan is an investment-friendly country, and we are providing maximum support to telecom sector for its growth.

He said that there were vast investment opportunities in the fields of e-health, e-education, e-agriculture and e-commerce in the country. Healthy competition in the telecom sector is essential for providing better connectivity to consumers, he said. He went on to say that the provision of better connectivity facilities to the masses and resolving the issues of the telecom sector is the top priority. The telecom committee has made recommendations regarding the problems faced by the telecom sector and submitted to Prime Minister Advisory Council on IT & Telecom, he added.

VEON Group CEO Kaan Terzioğlu and Jazz CEO Aamir Ibrahim apprised about Jazz’s investment in Pakistan. They said that stable telecom system is vital for the foundation of the digital ecosystem and the economic stability of a country. Stable policies and enabling regulatory framework will help country in attracting further investments in its critical digital infrastructure and services portfolio, they said. Jazz, Jazz Cash and Mobilink Microfinance Bank remain committed to leveraging all opportunities to accelerate Digital Pakistan.

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