United Bank Limited (UBL) has extended a Rs25 billion bilateral financing facility to Telenor Pakistan, marking the telecom company’s first locally secured borrowing since it started operations in the country. This financing aims to support Telenor Pakistan’s local funding requirements and strengthen its operational capacity.
The agreement was signed at Telenor’s Islamabad headquarters by Andreas Högberg, Chief Financial Officer of Telenor Pakistan, and Nadia Tabassum, UBL’s Group Executive for Corporate & Investment Banking. Both parties highlighted the importance of this facility in meeting Telenor’s strategic and operational needs in Pakistan.
According to Högberg, Telenor Pakistan appreciated UBL’s efficiency in executing the transaction in record time. The smooth processing of the deal reflects the strong coordination between the bank and the telecom operator.
Nadia Tabassum emphasized that telecom infrastructure is critical for economic growth and social connectivity. She noted that UBL remains committed to supporting sectors that drive national development, highlighting the bank’s role in facilitating key infrastructure projects.
The financing facility will enable Telenor Pakistan to expand its operations, maintain financial stability, and continue investments in telecom infrastructure. Analysts say such partnerships demonstrate growing confidence in the telecom sector and its importance in Pakistan’s economy.
UBL’s support for Telenor Pakistan also reflects the bank’s commitment to offering tailored financing solutions for large corporations. By providing timely and structured financial support, UBL helps companies strengthen their business operations and sustain long-term growth.
Industry experts believe that initiatives like this will encourage further investment in Pakistan’s telecom sector, improving connectivity and contributing to economic development.
In other related news also read UBL Profit Soars 89% Year-On-Year To Rs35.36 Billion In Q3 2025
The partnership between UBL and Telenor Pakistan underscores the significance of collaboration between financial institutions and corporate entities in driving growth and supporting critical infrastructure.
