Hafeez Shaikh chairs Advisory Committee meeting for release of unsold spectrum of next generation mobile services

News Image

MG News | November 12, 2020 at 02:59 PM GMT+05:00

0:00

Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Advisory Committee for the release of unsold spectrum of next generation mobile services (NGMS) today at the Finance Division. Minister for Science and Technology, Fawad Chaudhry also participated in the meeting.

The Committee was briefed by Chairman PTA and Secretary, Ministry of Information Technology about the latest developments on the sale of available spectrum of next generation mobile services. The members of Frequency Allocation Board also shared their input on the subject. The Committee was briefed that the process for hiring of the consultant for the sale of available spectrum would be completed within 60 days and report will be prepared and submitted before the Committee accordingly. It is expected that the initial report will be ready by December 2020. The process for the sale of spectrum will follow after the hiring of the consultant and tentatively would be completed within this financial year.

Adviser Finance, as Chairman of the Committee, directed to complete the task of the hiring of the consultant at the earliest. He also stated that the whole process of auction must be transparent and an officer may be designated to apprise the public about the progress regarding sale of spectrum on regular basis. The whole process would contribute towards strengthening and expanding communications / IT Services across the country, would create more job opportunities, and improve the ease of doing business.

The next meeting of the Advisory Committee is expected to take place in December 2020.

Related News

Name Price/Vol %Chg/NChg
KSE100 179,603.73
379.80M
-0.50%
-908.92
ALLSHR 108,021.19
705.75M
-0.35%
-379.48
KSE30 54,828.33
124.04M
-0.69%
-379.24
KMI30 253,396.08
110.85M
-0.77%
-1976.44
KMIALLSHR 69,330.18
392.81M
-0.57%
-398.02
BKTi 51,913.39
44.12M
-0.50%
-259.93
OGTi 35,053.03
27.27M
-0.84%
-295.86
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 68,980.00 69,580.00
65,970.00
3480.00
5.31%
BRENT CRUDE 67.68 68.05
66.89
0.16
0.24%
RICHARDS BAY COAL MONTHLY 96.00 0.00
0.00
-1.50
-1.54%
ROTTERDAM COAL MONTHLY 104.60 104.60
104.60
1.30
1.26%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 62.81 63.26
62.14
-0.03
-0.05%
SUGAR #11 WORLD 13.55 13.57
13.42
0.07
0.52%

Chart of the Day


Latest News
February 14, 2026 at 12:17 AM GMT+05:00

Pakistan charts fiscal reform path at NSPP dialogue


February 13, 2026 at 11:37 PM GMT+05:00

Weekly Market Roundup


February 13, 2026 at 08:46 PM GMT+05:00

Adeeb Ahmad appointed interim CEO of K-Electric


February 13, 2026 at 08:29 PM GMT+05:00

Foreign currency deposits decrease $43m in Jan


February 13, 2026 at 06:05 PM GMT+05:00

China firm eyes Port Qasim Sea-to-Steel project



Top 5 things to watch in this week

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