ahlam1399
07-14-2016, 05:22 AM
ISLAMABAD: Federal Minister for Finance Ishaq Dar has said that foreign investors were taking interest in acquisitions and mergers, which was a positive development.
A delegation of the Abu Dhabi Group, led by Group Chairman Sheikh Nahyan Bin Mubarak Al Nahyan, called on Finance Minister Ishaq Dar here on Tuesday. Jean Yves Charlier, CEO VimpelCom, accompanied the delegation. Minister of State for Information Tech**logy Anusha Rehman Khan was also present in the meeting.
Ishaq Dar, while talking to members of the delegation, said the government had embarked upon the journey of achieving sustainable and inclusive eco**mic growth as well as employment generation after achieving macro-eco**mic stability. The government welcomes foreign investment in Pakistan which, he said, would facilitate achievement of the objective of higher sustainable eco**mic growth. He said that foreign investors were taking interest in acquisitions and mergers, which was a positive development.
The minister also welcomed the merger of Pakistan Mobile Communications Limited (the PMCL) and Warid Telecom (Pvt.) Ltd, which is likely to be finalised soon. The two companies, it may be recalled, entered into an Acquisition Agreement on 26 **vember 2015.
Pursuant to the Acquisition Agreement, PMCL and Warid shall merge subject to all regulatory approvals and compliance with legal and procedural formalities. The minister said the merger was proof of the strength gained by Pakistan’s eco**my and the business opportunities provided by Pakistan to prospective investors.
Sheikh Nahyan Bin Mubarak Al Nahyan on this occasion expressed gratitude for the facilitation extended by all stakeholders regarding the Mobilink–Warid merger. He said that Pakistan had become an attractive investment destination due to the turnaround in its eco**my during the last three years as a result of far-reaching and comprehensive reforms. He added that with the merger, the telecom service in Pakistan would improve in quality and outreach thereby helping people in remote areas. He added that integrating network assets would help introduce new products and services like mobile financial services, mobile apps and other value added services at scale. The merger would also result in superior customer experience as well as easier access and availability due to wider distribution network.
Chairman Abu Dhabi Group added that the merger would also encourage other foreign investors to take up commercial activities in Pakistan. He thanked the finance minister and his team for receiving the delegation and extending their support and facilitation for the new venture.Senior officials of the Ministry of Finance and Minister of Information Tech**logy also attended the meeting.
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A delegation of the Abu Dhabi Group, led by Group Chairman Sheikh Nahyan Bin Mubarak Al Nahyan, called on Finance Minister Ishaq Dar here on Tuesday. Jean Yves Charlier, CEO VimpelCom, accompanied the delegation. Minister of State for Information Tech**logy Anusha Rehman Khan was also present in the meeting.
Ishaq Dar, while talking to members of the delegation, said the government had embarked upon the journey of achieving sustainable and inclusive eco**mic growth as well as employment generation after achieving macro-eco**mic stability. The government welcomes foreign investment in Pakistan which, he said, would facilitate achievement of the objective of higher sustainable eco**mic growth. He said that foreign investors were taking interest in acquisitions and mergers, which was a positive development.
The minister also welcomed the merger of Pakistan Mobile Communications Limited (the PMCL) and Warid Telecom (Pvt.) Ltd, which is likely to be finalised soon. The two companies, it may be recalled, entered into an Acquisition Agreement on 26 **vember 2015.
Pursuant to the Acquisition Agreement, PMCL and Warid shall merge subject to all regulatory approvals and compliance with legal and procedural formalities. The minister said the merger was proof of the strength gained by Pakistan’s eco**my and the business opportunities provided by Pakistan to prospective investors.
Sheikh Nahyan Bin Mubarak Al Nahyan on this occasion expressed gratitude for the facilitation extended by all stakeholders regarding the Mobilink–Warid merger. He said that Pakistan had become an attractive investment destination due to the turnaround in its eco**my during the last three years as a result of far-reaching and comprehensive reforms. He added that with the merger, the telecom service in Pakistan would improve in quality and outreach thereby helping people in remote areas. He added that integrating network assets would help introduce new products and services like mobile financial services, mobile apps and other value added services at scale. The merger would also result in superior customer experience as well as easier access and availability due to wider distribution network.
Chairman Abu Dhabi Group added that the merger would also encourage other foreign investors to take up commercial activities in Pakistan. He thanked the finance minister and his team for receiving the delegation and extending their support and facilitation for the new venture.Senior officials of the Ministry of Finance and Minister of Information Tech**logy also attended the meeting.
http://feeds.feedburner.com/~r/com/YEor/~4/pkcs4xhRdEo
أكثر... (http://feedproxy.google.com/~r/com/YEor/~3/pkcs4xhRdEo/134765-Dar-terms-foreign-investors-interest-in-acquisitions-mergers-positive)