The Meeting and Its Objectives
The meeting between PM Shehbaz Sharif and the VEON Group delegation aimed to discuss the expansion of IT, digitization, and 5G services in Pakistan. The objectives of the meeting were to:
Explore opportunities for collaboration between the Pakistani government and VEON Group to enhance IT infrastructure and services. Discuss the potential for VEON Group to invest in Pakistan’s IT sector, focusing on areas such as software development, data analytics, and cybersecurity. Examine the possibility of VEON Group’s involvement in the development of Pakistan’s 5G network. ## The Government’s Ambition*
The Government’s Ambition
PM Sharif emphasized the government’s ambition to boost IT exports to $25 billion within three years. This ambitious goal is part of the government’s broader strategy to diversify Pakistan’s economy and reduce its dependence on traditional industries.
The Telecom Sector’s Role in Pakistan’s Economic Future
Pakistan’s economy is at a critical juncture, and the telecom sector plays a vital role in shaping its future. The Prime Minister, Shehbaz Sharif, has emphasized the significance of a cashless and digital economy, which he believes is essential for the country’s economic growth and development.
Key Points:
The telecom sector is a significant contributor to Pakistan’s GDP, accounting for around 10% of the country’s total GDP. The sector has seen rapid growth in recent years, driven by increasing demand for mobile services and data. The government has implemented various initiatives to promote digitalization and cashless transactions, including the introduction of the Ehsaas Card and the National Payments System. ## The Government’s Economic Stabilization Efforts*
The Government’s Economic Stabilization Efforts
The government has taken several steps to stabilize the economy and promote economic growth. These efforts include:
Implementing fiscal discipline and reducing the budget deficit. Increasing tax revenues through the introduction of new taxes and tax reforms. Encouraging foreign investment and promoting economic diversification. Implementing policies to support small and medium-sized enterprises (SMEs) and promote entrepreneurship. ## The VEON Delegation’s Appreciation
The VEON Delegation’s Appreciation
The VEON delegation expressed appreciation for the government’s economic stabilization efforts.
