Govt spends Rs21 billion to provide telecom services in remote areas under USF

News Image

MG News | February 18, 2020 at 12:13 PM GMT+05:00

February 18, 2020: The government has spent around Rs21 billion to provide telecommunication services in un-served and under-served areas under Universal Service Fund (USF) till date.

An official of Ministry of Information Technology said that till date about Rs50 billion was collected from the telecom companies under USF and Rs21.billion had been spent for development of telecom infrastructure and for promotion of services in different under-served areas of the country.

USF was established by the Ministry of Information Technology to spread the benefits of the telecom revolution to all corners of Pakistan.

He said that during 2018-19 about Rs6. 4 billion was collected under USF and Rs6.94 billion had been spent to provide telecom services to remote areas during the same period.

He said that the government through Pakistan Software Export Board (PSEB) was facilitating local companies in the promotion of IT services by way of marketing and subsidization etc.

PSEB had arranged four international and four domestic exhibitions. He said that state functionaries in consulates and embassies had interacted to accord special focus on the promotion of IT exports. The government has exempted Information Technology and IT-enabled services from income tax on export until June 2025 to bolster their exports.

He said that the IT was emerging as a vital organ of the country's national economy and the government was taking keen interest to promote this sector.

He said two IT parks were being established in Pakistan with the cooperation of the Korean government. He said work on the first IT Park in Islamabad has already been started whilst the second IT Park would be established in Karachi to further strengthen this sector.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 170,511.86
278.75M
0.98%
1646.82
ALLSHR 103,203.80
682.99M
0.89%
908.76
KSE30 50,839.23
100.13M
1.18%
592.12
KMI30 243,245.60
147.66M
1.61%
3852.07
KMIALLSHR 66,892.15
407.33M
1.15%
757.54
BKTi 47,509.55
28.38M
0.77%
361.93
OGTi 34,789.19
8.38M
1.60%
547.02
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,310.00 77,435.00
77,235.00
-120.00
-0.16%
BRENT CRUDE 104.32 109.97
103.50
-3.31
-3.08%
RICHARDS BAY COAL MONTHLY 130.00 0.00
0.00
1.70
1.33%
ROTTERDAM COAL MONTHLY 140.00 0.00
0.00
-0.75
-0.53%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 99.99 104.46
98.48
-2.49
-2.43%
SUGAR #11 WORLD 18.15 18.84
17.93
-0.58
-3.10%

Chart of the Day


Latest News
September 12, 2026 at 03:27 AM GMT+05:00

Foreign currency deposits rise by $69m in August 2026


September 11, 2026 at 11:33 PM GMT+05:00

Diesel up Rs5.28, petrol Rs5.02 from September 12


September 11, 2026 at 08:50 PM GMT+05:00

Refiners get 45 days to save their tariff cushion


September 11, 2026 at 06:00 PM GMT+05:00

China targets 70% NEV share in new passenger car sales by 2030



Top 5 things to watch in this week

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