Telecom Industry: How much FDI attracted in last 5 years?

Telecom Industry: How much FDI attracted in last 5 years?

ISLAMABAD (APP): President Mamnoon Hussain on Tuesday said the comprehensive `Pakistan Telecommunication Policy 2015' would spur socio-economic development and act as a catalyst towards achieving knowledge-based society.

Talking to Secretary General, International Telecommunication Union (ITU) Houlin Zhao who led a delegation here at the Aiwan-e-Sadr, the President said the government's vision for the telecommunication sector was nationally available and quality telecommunication services were being provided through open,competitive, and well-managed markets.

The President noted that the country's telecommunication sector was one of the most dynamic sectors in the economy and during the last five years, this sector had attracted Foreign Direct Investment (FDI) of more than US$ 7 billion.

He termed it a "reflection of the right mix of regulatory and policy framework of the government". President Mamnoon expressed satisfaction that Pakistan was a member of the ITU since 1947 and looked forward to working closely with the organization on joint strategies to benefit common man.

Minister of State for Information Technology Anusha Rahman was present.