MOTOROLA DELEGATION MEETS HAFEEZ SHAIKH & AWAIS LEGHARI TO EXPLORE AREAS FOR PARTICIPATION IN PAK TELECOM SECTOR

Islamabad, December 16, 2003

There exits vast scope for Motorola USA to expand the present investment relations in a strategic manner through knowledge transfer, focusing extensive training on leading-edge solutions for Pakistani nationals, opportunities for higher local content for services required to implement communication solutions and to play a meaningful role in the growth and development of Pakistan's Telecom and Information Technology sectors.

Dr. Abdul Hafeez Shaikh Federal Minister for Privatisation & Investment stated this during a meeting with a US business delegation led by Mr. Richard A. Brecher, Director Global Business Relations of Motorola USA, which met him here today.

The Minister said that the Telecom sector had been opened up and deregulated  and new opportunities were emerging for the prospective investors with a firm commitment from the government to support and facilitate investment activity in the country in all sectors.

Mr. Awais Ahmed Khan Leghari, Federal Minister for Telecom & I. T informed the delegation that the goverenment was in the process of extending remarkable incentives and allowing investors to establish Software Technology parks and Internet cities and to enhance the professional capabilities of our national talent in the related fields.

The leader of the delegation said that Motorola was actively looking at private sector wireless business in Pakistan. The company was positive about the growth in the Pakistan market, which appeared to be at the threshold for making Pakistan an important partner in its venture, he said.

He further added that Motorola as one of the leading and pioneering firms for personal and business communications systems had a diversified production and sourcing operation. There is significant potential for accelerating cooperation for Motorola's future operation.

The company desired long-term partnership with Pakistan as it enjoyed strong relationship spans over a quarter of century, which would add value to invest in Pakistan's human resources and to increase its investment and participation in Pakistan's economy, he said. Mr. Akhtar Hussain Thaker Director of Distribution Asia and Mr. Nauman Bajwa Area Manager accompanied the delegation.