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Jazz Hints at Tough Business Decisions to Mitigate Economic Challenges

  • July 25, 2022
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Aamir Ibrahim, the Chief Executive Officer (CEO) of Jazz, hinted at implementing strict measures owing to the nation’s current economic crisis in a statement to the company’s employees.

 

Aamir claimed that the company has been significantly harmed by the high increase in gasoline and energy prices as well as the inflated borrowing rates. He described the current situation as a “crisis,” adding that it is not the company’s first catastrophe and is undoubtedly not going to be the last.

 

“Strong times call for tough actions,” according to CEO Jazz, and these difficult but necessary choices must be made while addressing the current “urgent” problem the company is experiencing.

 

Aamir said, 

“Over the last few years, we have not only survived in the face of adversity but thrived because of it. The Jazz 1st ethos you have displayed over the years – from the BVS campaign (2015) to the Warid merger (2017) to the handling of COVID (2020) – gives me the confidence that we will win this battle too.”

 

He said necessary adjustments need to be made as “the world around changes, so must we,” referring to how the company’s operating environment is changing “at the back of political and economic instability around the world, but more so in Pakistan.”

These tough decisions will ensure “uninterrupted services to our 75 million customers and continue to position ourselves for growth and leadership,” said the CEO.

Moreover, he said, “I shall ensure we communicate frequently, openly, and honestly,” and that further details will soon be shared, clearly and transparently.

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