Finance Minister Holds High-Level Talks with Telecom and Venture Capital Leaders to Boost Investment

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, convened a high-level meeting at the Finance Division with leading representatives of Pakistan’s telecom infrastructure sector (TOWERCO Pakistan) and venture capital (VC) firms to review sectoral challenges and discuss policy measures aimed at promoting growth and investment.

The meeting included Federal Minister for IT & Telecommunications Shaza Fatima Khawaja, Chairman of the Federal Board of Revenue (FBR), Chairman of the Securities and Exchange Commission of Pakistan (SECP), senior officials from the Ministry of Information Technology and Telecommunication, and representatives from legal and regulatory advisory firms, public sector organizations, including Ignite, as well as industry stakeholders.

Delegates provided a detailed overview of their operational models and highlighted challenges in deploying telecom infrastructure and meeting regulatory requirements. They also presented proposals aimed at rationalizing certain aspects of the existing tax framework to facilitate investment, enhance sectoral growth, and strengthen digital connectivity across the country.

Addressing the delegation, the finance minister underscored the pivotal role of telecom infrastructure companies in enabling nationwide digital access and highlighted the importance of venture capital in fostering entrepreneurship, innovation, and job creation. He stressed the need for a predictable and transparent policy and tax environment to attract long-term investment while ensuring sustainable sectoral development.

“The government is committed to supporting private-sector-led growth, particularly in technology-intensive and investment-heavy industries. While fiscal prudence remains important, our focus is on creating conditions that encourage expansion, formalization, and innovation-led economic activity,” Senator Aurangzeb remarked.

The meeting concluded with an agreement to establish a dedicated working group comprising representatives from the Tax Policy Office and other relevant stakeholders. The group will conduct a detailed review of the proposals presented and formulate actionable recommendations to support both telecom infrastructure development and venture capital investment in Pakistan.

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