FM urges to complete sale process of NGMS in FY21

News Image

MG News | May 26, 2021 at 10:00 AM GMT+05:00

0:00

May 26, 2021: Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, chaired the 4th meeting of the Advisory Committee for the release of Next Generation Mobile Services (NGMS) Spectrum in Pakistan, AJK & Gilgit Baltistan through a video link.

Federal Minister for IT and Telecommunication Syed Amin-ul-Haque ,Federal Minister for Industries and Production Makhdum Khusro Bakhtyar, SAPM Finance & Revenue Dr. Waqar Masood, Secretary Finance Division, Secretary M/o IT & Telecommunication, Secretary Kashmir Affairs and GB, Chairman PTA, Executive Member Frequency Allocation Board (FAB) and other senior officers participated in the meeting.

Secretary IT and Telecommunications Shoaib Ahmad Siddiqui briefed the Advisory Committee about the draft policy directive of the Next Generation Mobile Services (NGMS) Spectrum in the Country. Member Telecom Omar Malik presented the draft policy directive before the Committee for due deliberations.

The Chairman PTA presented details regarding progress made for auction of Spectrum in AJK & Gilgit Baltistan.

The Finance Minister appreciated the progress made for the sale of available NGMS Spectrum and urged to accelerate the process for completion within the current financial year.

In his remarks, the Finance Minister directed that the whole process of auction must be transparent, competitive and in accordance with the legal framework. There should be no compromise on quality of services. The end goal is to improve the efficiency of the Spectrum for strengthening and expanding communication / IT services across the country in accordance with the vision of the Prime Minister for a digitally progressive and inclusive Pakistan, he added.

While speaking on the occasion, the Federal Minister for IT and Telecommunication Syed Amin-ul-Haq briefed the Advisory Committee about improved quality of service and coverage. He apprised that existing as well as new entrants will participate in the Spectrum Auction. There will be a level playing field so that all operators must have a fair and equal chance in the process, he added.

After detailed discussion, the Advisory Committee approved the DRAFT Policy Directives for the release of NGMS Spectrum in Pakistan, AJK and GB unanimously for improvement of Mobile Broadband services.

The international consultants also participated and answered technical queries by the members of the Committee during the meeting.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 136,379.97
273.10M
0.32%
440.10
ALLSHR 84,648.35
701.94M
0.06%
47.97
KSE30 41,546.23
70.12M
0.42%
172.55
KMI30 191,719.76
71.30M
0.34%
649.79
KMIALLSHR 55,827.74
371.98M
0.16%
89.67
BKTi 37,827.61
18.93M
-1.72%
-662.14
OGTi 27,670.67
7.41M
-0.42%
-117.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,935.00 119,915.00
118,745.00
-695.00
-0.58%
BRENT CRUDE 68.84 68.85
68.75
0.32
0.47%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
1.80
1.90%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-1.05
-0.99%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.78 66.79
66.58
0.40
0.60%
SUGAR #11 WORLD 16.55 16.67
16.40
-0.01
-0.06%

Chart of the Day


Latest News
July 16, 2025 at 11:00 PM GMT+05:00

SBP raises Rs342bn in PIB Auction


July 16, 2025 at 10:17 PM GMT+05:00

TRG case files stolen en route to Islamabad


July 16, 2025 at 05:45 PM GMT+05:00

PM pushes for digital, International-Standard education


July 16, 2025 at 05:09 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 16, 2025 at 04:06 PM GMT+05:00

PSX Closing Bell: On the Rise



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg