Prime Minister Syed Yousuf Raza Gilani has said that Pakistan's economy offers best opportunity for the telecom sector as the government is committed to provide level playing field for their operations. He said this in a meeting with Ms Chua Sock Koong, President Group CEO SingTel, Singapore and Bashir A Tahir, CEO Abu Dhabi Group at the Prime Minister House this afternoon.
Prime Minister highlighted that Pakistan with population of 160 million has potential with growth rate of 2 percent per annum having high young/medium segment. Hence, Pakistan telecom market provides enough opportunities of investment in the sector, he added. He appreciated the confidence of the group by investing in the Banking and Telecom sectors in Pakistan.
Gilani also told the delegation that Pakistan also offers best investment opportunities in the agriculture and energy sectors. He ensured the delegation of his government's full support in this regard. He encouraged Abu Dhabi and SingTel Group to establish software centres and also business process outsourcing in Pakistan.
Abu Dhabi Group is one of the largest business groups of UAE and the largest foreign investor in Pakistan. Qamar-uz-Zaman Kaira, Federal Minister for Information Technology was also present in the meeting
Etisalat rated top telecom firm by Moody's
Etisalat's strong credit ratings are among the highest of all globally rated telecommunications companies and reflect Etisalat's strong competitive position, excellent profitability and a proven ability to provide strong and growing cash flows.
Moody's Investors Service recently assigned an Aa2 long-term issuer rating to Emirates Telecommunications Corporation ("Etisalat"). These are the first ratings that Moody's assigns to Etisalat and the first time that it has rated a telecommunications company in the United Arab Emirates (UAE).
Etisalat, the leading telecom provider in the UAE and in 18 other countries including Pakistan, has a solid track record in the UAE over the last 30 years, evidenced by a robust operating and financial position. This has resulted in superior market share across its businesses, strong and stable revenue growth, efficient operations and stable cash flow generation.
According to PTCL spokesman Ali Qadir Gilani, Etisalat's strong credit ratings from the internationally recognised agencies confirms the success of Etisalat's strategy to continue as the market leader in the UAE and to become one of the global top telecom players. In Pakistan Etisalat management is responsible for holding 26 percent share of PTCL and introducing advance technologies. Etisalat has introduced new management skills in PTCL and helped introduce Pakistani telecom experts and workers to international telecom environments in its 18 overseas branches. The rating at Aa2, the third-highest grade, is on par with the sovereign rating for the UAE.-PREtisalat's strong credit ratings are among the highest of all globally rated telecommunications companies and reflect Etisalat's strong competitive position, excellent profitability and a proven ability to provide strong and growing cash flows.
Moody's Investors Service recently assigned an Aa2 long-term issuer rating to Emirates Telecommunications Corporation ("Etisalat"). These are the first ratings that Moody's assigns to Etisalat and the first time that it has rated a telecommunications company in the United Arab Emirates (UAE).
Etisalat, the leading telecom provider in the UAE and in 18 other countries including Pakistan, has a solid track record in the UAE over the last 30 years, evidenced by a robust operating and financial position. This has resulted in superior market share across its businesses, strong and stable revenue growth, efficient operations and stable cash flow generation.
According to PTCL spokesman Ali Qadir Gilani, Etisalat's strong credit ratings from the internationally recognised agencies confirms the success of Etisalat's strategy to continue as the market leader in the UAE and to become one of the global top telecom players. In Pakistan Etisalat management is responsible for holding 26 percent share of PTCL and introducing advance technologies. Etisalat has introduced new management skills in PTCL and helped introduce Pakistani telecom experts and workers to international telecom environments in its 18 overseas branches. The rating at Aa2, the third-highest grade, is on par with the sovereign rating for the UAE.
Wateen recognised as pioneer in telecommunications
The world's largest business technology leadership magazine, CIO Pakistan's local edition recognised Wateen's CEO, Tariq Malik, for his leadership and vision in increasing broadband penetration and making IP-based communication accessible across country. The local edition of CIO was officially launched in country on 5th of August and acknowledged 16 pioneers from the local industry who have been making an impact in country.
Tariq Malik, CEO of Wateen said, "It is an honour for Wateen to be recognised. We are indeed a young company but the fact that we have established many milestones, the encouragement from the industry helps. We still have exciting plans and will continue to meet the standards that we have set." CIO Pakistan Editor-in Chief said, "Wateen has done great work as far as spreading the awareness of WiMAX and its other services. Their young team has allowed people to realise the potential of broadband in Pakistan again."
Prime Minister highlighted that Pakistan with population of 160 million has potential with growth rate of 2 percent per annum having high young/medium segment. Hence, Pakistan telecom market provides enough opportunities of investment in the sector, he added. He appreciated the confidence of the group by investing in the Banking and Telecom sectors in Pakistan.
Gilani also told the delegation that Pakistan also offers best investment opportunities in the agriculture and energy sectors. He ensured the delegation of his government's full support in this regard. He encouraged Abu Dhabi and SingTel Group to establish software centres and also business process outsourcing in Pakistan.
Abu Dhabi Group is one of the largest business groups of UAE and the largest foreign investor in Pakistan. Qamar-uz-Zaman Kaira, Federal Minister for Information Technology was also present in the meeting
Etisalat rated top telecom firm by Moody's
Etisalat's strong credit ratings are among the highest of all globally rated telecommunications companies and reflect Etisalat's strong competitive position, excellent profitability and a proven ability to provide strong and growing cash flows.
Moody's Investors Service recently assigned an Aa2 long-term issuer rating to Emirates Telecommunications Corporation ("Etisalat"). These are the first ratings that Moody's assigns to Etisalat and the first time that it has rated a telecommunications company in the United Arab Emirates (UAE).
Etisalat, the leading telecom provider in the UAE and in 18 other countries including Pakistan, has a solid track record in the UAE over the last 30 years, evidenced by a robust operating and financial position. This has resulted in superior market share across its businesses, strong and stable revenue growth, efficient operations and stable cash flow generation.
According to PTCL spokesman Ali Qadir Gilani, Etisalat's strong credit ratings from the internationally recognised agencies confirms the success of Etisalat's strategy to continue as the market leader in the UAE and to become one of the global top telecom players. In Pakistan Etisalat management is responsible for holding 26 percent share of PTCL and introducing advance technologies. Etisalat has introduced new management skills in PTCL and helped introduce Pakistani telecom experts and workers to international telecom environments in its 18 overseas branches. The rating at Aa2, the third-highest grade, is on par with the sovereign rating for the UAE.-PREtisalat's strong credit ratings are among the highest of all globally rated telecommunications companies and reflect Etisalat's strong competitive position, excellent profitability and a proven ability to provide strong and growing cash flows.
Moody's Investors Service recently assigned an Aa2 long-term issuer rating to Emirates Telecommunications Corporation ("Etisalat"). These are the first ratings that Moody's assigns to Etisalat and the first time that it has rated a telecommunications company in the United Arab Emirates (UAE).
Etisalat, the leading telecom provider in the UAE and in 18 other countries including Pakistan, has a solid track record in the UAE over the last 30 years, evidenced by a robust operating and financial position. This has resulted in superior market share across its businesses, strong and stable revenue growth, efficient operations and stable cash flow generation.
According to PTCL spokesman Ali Qadir Gilani, Etisalat's strong credit ratings from the internationally recognised agencies confirms the success of Etisalat's strategy to continue as the market leader in the UAE and to become one of the global top telecom players. In Pakistan Etisalat management is responsible for holding 26 percent share of PTCL and introducing advance technologies. Etisalat has introduced new management skills in PTCL and helped introduce Pakistani telecom experts and workers to international telecom environments in its 18 overseas branches. The rating at Aa2, the third-highest grade, is on par with the sovereign rating for the UAE.
Wateen recognised as pioneer in telecommunications
The world's largest business technology leadership magazine, CIO Pakistan's local edition recognised Wateen's CEO, Tariq Malik, for his leadership and vision in increasing broadband penetration and making IP-based communication accessible across country. The local edition of CIO was officially launched in country on 5th of August and acknowledged 16 pioneers from the local industry who have been making an impact in country.
Tariq Malik, CEO of Wateen said, "It is an honour for Wateen to be recognised. We are indeed a young company but the fact that we have established many milestones, the encouragement from the industry helps. We still have exciting plans and will continue to meet the standards that we have set." CIO Pakistan Editor-in Chief said, "Wateen has done great work as far as spreading the awareness of WiMAX and its other services. Their young team has allowed people to realise the potential of broadband in Pakistan again."
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