HAFEEZ URGES FOR ACCELERATION OF REFORM PROCESS IN TELECOM SECTOR

Islamabad, December 04, 2003

The first meeting of a high level Committee constituted by the Prime Minister to review the reform process in the Telecom sector of Pakistan met under the Chairmanship of Dr. Abdul Hafeez Shaikh, Federal Minister for Privatisation & Investment here today.

Dr. Hafeez Shaikh urged upon the Committee to accelerate the pace of reform process in the Telecom sector to extend maximum facilities to the quality players of international repute for substantial enhancement of investment in the sector. Pakistan was emerging as a hub of investment activity in the region due to the continuity and consistency of the Government's investment, trade and economic policies, he said.

The Minister further stated that the Government's economic policy and the reforms process were focused to give efficient and quality services to the consumers and to benefit the people. The Government had opened up the telecom sector through the recently announced Telecom deregulation policy and through the independent regulatory regime the investor's interests were also being safeguarded, he added.

He said that any applicant who fulfilled the licensing requirements would be eligible for a license as envisaged in the deregulation policy for the Telecom sector. However, with a view to achieve main objective of increasing teledensity in Pakistan, which was (2.7 %) very low by international standards, the Government had put in a mechanism to facilitate the investors in accordance with the global trends, he added.

He underlined the need to promote infrastructure development, expansion and to increase teledensity. The meeting also reviewed the privatisation activity in the sector. Mr. Owais Ahmed Khsn Leghari, Federal Minister for Information Technology and Telecom attended the meeting as a special invitee, while senior officials from the Ministries of Finance, IT & Telecom, PTA and PTCL were also present in the meeting.