United Bank Limited has extended a Rs. 25 billion bilateral financing facility to Telenor Pakistan, the telco’s first locally secured borrowing since it began operations in the country.
The financing agreement was signed at Telenor’s Islamabad headquarters by the company’s Chief Financial Officer, Andreas Högberg, and UBL’s Group Executive for Corporate & Investment Banking, Nadia Tabassum.
The facility is aimed at supporting Telenor Pakistan’s local financing needs at a time when the telecom sector faces rising operational and investment challenges.
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Högberg thanked UBL for executing the transaction in record time, calling it an important milestone for the company.
Tabassum said telecom infrastructure remains central to economic growth and social connectivity, adding that UBL is committed to backing sectoral development and supporting partnerships that contribute to Pakistan’s broader progress.
