Telenor Pakistan Continues To Empower Society And Contribute To Economy Reveals Global Impact Report
Telenor Pakistan Continues To Empower Society And Contribute To Economy Reveals Global Impact Report
KARACHI – Dec 09, 2016:Reiterating its commitment to empowering the Pakistani society, Telenor Pakistan today unveiled Telenor Group’s first Global Impact Report quantifying the socio-economic impact of the Group’s contributions in its 13 global markets including Pakistan.Commissioned to KPMG, the report was developed based on an economic framework and independent study that assessed a number of the economic and social impacts Telenor Group has across the markets in which it directly operates.
The socio-economic effects captured in this study were categorized into four key aspects namely ‘Driving macro-economic growth’, ‘Enabling the wider economy’, ‘Sustainability in the supply chain’ and ‘Telenor’s contribution in crisis situations’.As regards to driving macroeconomic growth, Telenor Pakistan generated over $1,793 million of GVA (Gross Added Value) for the Pakistani economy in 2015, accounting for 0.7% of Pakistan’s total national GVA in 2015.On the employment front, Telenor directly employed 5,405 staff in Pakistan in 2015, and generated an additional 134,300 indirect jobs in Pakistan through its supply chain and a further 46,600 induced jobs linked to employee spending. The report also highlights Telenor’s $179m capital investment, and its role in public financing where it made a fiscal contribution of $339 million to the Government of Pakistan through taxes and other regulatory payments including license fees, frequency fees and numbering fees, both in the year 2015.With respect to enabling the wider economy, Telenor Pakistan’sincreased 3G penetration between 2011 and 2015 contributed $14,996 million to the country’s GDP.On the financial inclusion front, the report discusses the success of Pakistan’s first and largest branchless banking service Easypaisa and the $7.8 billion worth of transactions that were made through the service in 2015, equivalent to 3% of Pakistan’s GDP. The report also discusses Telenor’s digital inclusion initiatives, as well as its contribution to boosting entrepreneurship, innovation and productivity through programs like Apportunity and Telenor Velocity. Telenor’s initiatives to support and promote gender diversity in Pakistan were also discussed in the report.The report also discussed Telenor Pakistan’s contributions to sustainability in the supply chain and estimates that through Telenor’s supply chain sustainability policy, 265,000 people are employed in participating businesses who meet the standards. As of 2015, 1,617 of Telenor Pakistan’s suppliers had signed an Agreement of Responsible Business Conduct (ABC),thereby agreeing to abide by Telenor’s supply chain principles, which also means that employees of these suppliers benefit from working conditions that are in line with the high standards required by Telenor’s supply chain sustainability policy.Sharing his thoughts on the development, Irfan Wahab Khan, CEO Telenor Pakistan, said, “We are pleased to launch Telenor Group’s first Global Impact Report that captures our contributions to the Pakistani economy and society. At Telenor Pakistan, we have always been here to provide more than just telecom services; we use our core competencies to empower the societies we operate in and change lives for the better.” He further said that the report will help Telenor Pakistan devise better strategies for socio-economic development, and keep an informed track of our contributions as they have now been made quantifiable for the first time.
