‘Investment in IT sector to open new avenues of progress’

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From Our Correspondent

ISLAMABAD): Finance Minister Ishaq Dar yesterday said investment in the information technology sector due to the government’s initiatives will open new avenues of progress and development in the country. He was addressing a ceremony in connection with the award of 4G spectrum license here. Cellular company Jazz won the 3rd auction for the 4G spectrum license with payment of $ 295 million. Ishaq Dar said the government believed in transparency and good governance for running day to day affairs. Leading multinational Companies, globally acknowledged the ‘Conducive Business Environment in Pakistan’ as it is moving towards digital and financial inclusiveness that would improve living standard of the common man. Speaking on the occasion, Minister of State for Information Technology and Telecommunication Anusha Rehman said the total amount of the auction had been deposited in the government’s account. She said that 60 megahertz spectrum had been licensed during the last three years and the government would start preparations for introduction of 5G in the country by 2021. She expressed hope that Pakistani people would adopt the new technology ahead of all other Asian countries, as the number of broadband users increased from 3.7 million to 44 million during last four years. Speaking on the occasion, Chairman Pakistan Telecommunication Authority Syed Ismail Shah said that world communication institutions were acknowledging and appreciating Pakistan’s effort and success in the IT field.

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