Press Releases

January 1970

CBR awards High Tax Payer shield to Telenor Pakistan

Islamabad January 26, 2006: Celebrating International Customs Day, Islamabad Customs Collectorate of Central Board of Revenues (CBR) awarded its High Tax Payer Shield 2004-5 to Telenor Pakistan, as a top performer in the imports segment of Rawalpindi Customs. This award recognizes Telenor Pakistan's commitment towards investment in the country with transparent business ethics.

26th January is celebrated as International Customs Day around the world to confirm the commitment of promoting bilateral relations through trade between countries of the world. Islamabad Customs Collectorate under the patronage of CBR organized an event to signify the importance of the day, in a ceremony in Islamabad. The chief guest on the occasion was Chairman CBR Abdullah Yusuf accompanied by Member Customs Shahid Rahim Sheikh and Collector of Customs Ahmed Dildar.

Chairman CBR Abdullah Yusuf in his speech emphasized on the integrated approach envisaged in the vision of the pioneers of 'The International Customs Organization'. He advised that the only way the vision could be achieved was through harmony, regularization, & standardization of procedures. He further added Due to increasing trade volumes & competition the customs tariff are coming down with a reciprocal increase in services & facilitation levels. To further encourage this upward trend in the market CBR is ensuring checks & balances, transparency and efficiency through quality of work, where today's award ceremony is also aimed at achieving this common objective. The chairman also congratulated Telenor Pakistan and other recipients of the award, which included Warid Telecom, Pharmacia, Telephone Industries of Pakistan and S. A. Brothers.

Explaining what the award signifies, Chief Procurement Officer Telenor Pakistan, Kurt Severinsen said: The award mentions that Telenor contributed approx PKR 131 million in terms of custom duties for the year 2004-5. This tells you about our mindset as a company. We have the fastest roll out of network in the market and are aggressive in our plans to invest up to 1 billion USD over the next few years for operations and expansion in response to customer demands. We would like to believe that this award also says something about the integrity with which Telenor operates, ascribing to the highest standards of business ethics and complying unequivocally with the laws of the land. Severinsen further added: The President of Pakistan General Pervez Musharraf recently congratulated the Telenor management in a trip to our HQ for spearheading investments from Norway into Pakistan, I would like to say that that remains our intention and we are committed to work with the government to enhance the investment portfolio and to set industry benchmarks for business conduct.

The Telenor group has operations in 17 countries around the world. Telenor's mobile operations are one of the biggest in the world with over 74.5 million subscribers. Telenor Pakistan is 100% owned by Telenor and adds on to its operations in Asia together with Thailand, Malaysia and Bangladesh.