Finance Minister Ishaq Dar has said that government's initiatives and investment in the Information Technology sector will open new avenues of progress and development in the country.
He was addressing auction ceremony for the award of 4-G spectrum license in Islamabad on Friday evening.
He said that the government believes in transparency and good governance for running day to day business in all the sectors.
He said Pakistan is moving towards digital Pakistan that will improve living standard of the common man.
Cellular company Mobilink won the 3rd auction for the 4-G spectrum license with 295 million dollars.
Speaking on the occasion, Minister of State for Information Technology and telecommunication Anusha Rehman said that the total amount of the auction has been deposited in the government's account.
She said that 60 megahertz spectrum has been licensed during the last three years.
The Minister of State said that 5-G will be introduced in 2020 and its will be tested in Pakistan. She expressed hope that Pakistan will adopt the new technology before all other Asian countries. She said the number of broadband users in Pakistan has increased from 3.7 million to 44 million during last four years.
Speaking on the occasion, Chairman Pakistan Telecommunication Authority Syed Ismail Shah said that world communication Institutions are acknowledging and appreciating Pakistan's efforts and successes in this field.
The Chief Executive Officer of Mobilink Aamir Ibrahim said that transparent award of the contract has improved confidence of investors and they are ready to invest more in this sector in Pakistan.
Speaking on the occasion, the Finance Minister said that the President has signed the Finance Bill 2017 and it will be promulgated from tomorrow.