USF, Ignite budget approved for FY23-24

July 07, 2023 (MLN): The annual budget of Universal Service Fund (USF) and Ignite for FY3-24, worth Rs18 billion and Rs3bn respectively, has been approved in the USF Policy Committee meeting on Thursday.

Federal Minister for IT and Telecommunication Syed Amin Ul Haque chaired the USF Policy Committee meeting.

CEO USF Haaris Mahmood Chaudhary briefed the chair about the ongoing projects of USF.

Federal Minister for IT Syed Amin Ul Haque said that Telecom companies are facing difficulty in importing equipment and their upgraded systems due to limited Letters of Credit (LCs), which is also causing delays in completing USF's ongoing projects.

Meanwhile, Federal Minister for IT & Telecom Syed Amin Ul Haque presided over the Research & Development Fund Policy Committee meeting.

Moreover, CEO Ignite apprised the meeting about the different future projects.

Earlier, CEO Ufone Hatem Bamatraf, CEO Jazz Aamir Ibrahim and CEO Telenor Irfan Wahab called on Federal Minister for IT & Telecom Syed Amin Ul Haque in his office.

During the meeting matters related to the Telecom sector were discussed in detail.

The CEOs lauded Federal Minister for IT Syed Amin Ul Haque's efforts for the promotion of IT and Telecom sector in Pakistan.

Syed Amin Ul Haque said that taking steps for resolving the issues of IT and Telecom industry, and protection of cellular users' rights is his mandate.

He said he fully tried to create a balance between the users of services and service providers.

Federal Minister for IT said that efforts are on for settling the issues of IT and Telecom industry on relevant forums which will lead to positive outcomes.

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