Telecom Sector Attracted Over $6 Billion Foreign Investment in 4 Years: IT Minister
The media transmission industry pulled in unfamiliar direct venture of $ 6.1 billion from July 1, 2018, to March 30, 2022, said Federal Minister for Itself and Telecommunication Syed Amin Ul Haque.
In his message on the event of ‘World Telecommunication and Information Society Day’, Federal Minister for IT said that the quantity of dynamic versatile SIMs arrived at 193 million by March 2022 because of changes in the telecom area, and portable and fixed Broadband purchasers’ number saw 39.4 percent increment, he said.
He said that progressive advances have been taken in the data innovation and telecom area over the most recent three years in Pakistan. The quantity of dynamic portable SIMs arrived at 193 million by March 2022 because of changes in the telecom area, and versatile and fixed Broadband shoppers saw a 39.4 percent increment, he added.
IT Minister Syed Amin Ul Haque said that undertakings were begun through Universal Service Fund (USF), the appended division of its Ministry and Telecom, for the arrangement of broadband administrations the nation over. North of 37 activities worth Rs. 31 billion were sent off by June 2021, and up to 50 to 75 percent of work has been finished on the majority of these activities, he itemized.
The Federal Minister said that Rs. 6.47 billion are being spent on nine unique tasks of optical fiber and broadband administrations in Punjab, and nine activities worth over Rs 8.48 billion are additionally in progress in Sindh for the arrangement of high velocity web and laying of fiber optical in the region.
The quantity of undertakings for the 14 regions of Balochistan is 11 costing Rs. 8.43 billion. Over Rs. 7.08 billion are being spent on 8 distinct activities of broadband administrations and optical fiber in fourteen regions of KPK, he noted.
Syed Amin Ul Haque said that Rs. 29 billion are likewise being spent on 28 undertakings for the arrangement of broadband administrations in remote during the ongoing monetary year.
Work is likewise happening on nine unique tasks for laying fiber optic link in every one of the four regions. A 4,746 kilometers in length link is being laid which will cost Rs. 13.14 billion, he added. He said that USF finished projects for the arrangement of versatile organizations on 1,929 kilometers of principal expressways.