FDI in telecom sector reaches 60 per cent

STAFF REPORT ISB: Minister for Information Technology and Telecommunications, Anusha Rehman has informed the National Assembly that Foreign Direct Investment (FDI) has reached 60 percent in the telecom sector.

Replying to question in the National Assembly, she said that after launching of 3G and 4G technologies, the number of mobile users increased up to 26 millions, adding the ministry has received three international awards for developments in telecom sectors.

The minister said that 5G is a commercial term that refers to the next major phase of mobile telecommunications standard/technology. It is expected that 5G networks will be rolled out in 2020 in the world.

Anusha said that foreign investment in the telecom sector increased from 160.8 million dollars in 2102-13 to 908 million in 2104-15. She said that realizing the full potential of Information and Communication Technologies (ICTs) in socio-economic development, Ministry of ITs special focus is on ICT skills development, capacity building and entrepreneurship initiatives for youth.

In this regard, she said, ministry has taken many initiatives that include Prime Ministers National ICT Scholarship program aimed at providing quality ICT education to the deserving, talented youth of rural/marginalized areas of Pakistan.

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