Investing companies are sure of decent returns: IT minister

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ISLAMABAD

Minister of State for IT Anusha Rahman Khan said that a majority of Pakistanis is still to be connected with broadband services which indicates an enormous opportunity for the companies to invest there with a surely of decent returns.
The minister said this in a meeting with VimpleCom Chief Jo Lunder during Pakistan delegation’s official visit to attend Mobile World Congress in Barcelona, said a message.
The Pakistani delegation comprised Minister of State for IT, secretary IT, chairman PTA, member telecom and executive director FAB.
The minister emphasized that presence of 60 percent youth in population demography of Pakistan makes certain the business case of broadband services for aspirant companies.
VimpleCom is the parent company of Mobilink Pakistan. During the meeting, Rashid Khan, CEO Mobilink was also present.
The minister ensured VimpleCom chief that the government and regulator (PTA) would support and facilitate the telecom industry on all relevant matters including tax rationalization.
On the occasion, Jo appreciated Pakistan’s government for its keenness and seriousness to make available the latest mobile broadband technologies for the people of Pakistan.
The IT Ministry has included additional spectrum in 1800 MHz band to be auctioned for catalyzing the proliferation of 4G services in Pakistan.
The VimpleCom head brought into discussion the challenges which over the top services are posing to the business models of telecom operators around the world. It was, however, pointed out that mobile operators need to focus on innovation to be competitive with such services.

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