Privatising telephone industry of Pakistan, Federal government takes important decision

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Privatising telephone industry of Pakistan, Federal government takes important decision

ISLAMABAD - Over the issue of Privatising telephone industry of Pakistan, Federal government takes important decision.

Government has decided to step back from privatizing Telephone Industry of Pakistan (TIP) link and announced to build mobile phone manufacturing plant with private-public partnership in Haripur.

The Federal Minister for Information Technology and Telecommunication (MoITT) Khalid Maqbool Siddiqui told the media that government is no more interested to privatize the institute. He also said that we are in talks with different Chinese companies to establish the smartphone manufacturing plant as soon as possible.

Pakistan’s IT industry is growing rapidly as the exports increased to $900 Million in 2018-19 from $800 million in last year. The minister told that due to the absence of an online payment gateway we are unable to realize/recognize the full potential of our IT sector, however, the actual export of the industry is $4.1 Billion.

In the meeting with Financial Transitions Control System (FTCS) team from Sweden, IT minister discussed the problems related to the payment gateway solutions in Pakistan.

The number of mobile phone users is growing in Pakistan, around 161 million people are using mobile phones. The minister said that they are working to increase the potential of the industry to accommodate a large number of IT graduates coming every year.