‘FDI reaches 60pc in telecom sector’
ISLAMABAD: Minister for Information Technology and Telecommunications, Anusha Rehman on Wednesday informed the National Assembly that Foreign Direct Investment (FDI) has reached 60 percent in the Telecom Sector.
Replying to a question in the National Assembly, she said that after launching of 3G and 4G technologies, the number of mobile users increased up to 26 millions, adding the ministry has received three international awards for developments in telecom sectors. She said that 5G (Fifth Generation) is a commercial/marketing term that refers to the next major phase of mobile telecommunications standard/technology.
It is expected that 5G networks will be rolled out in 2020 in the world. She said foreign investment in the telecom sector has increased from 160.8 million dollars in 2102-13 to 908 million in 2104-15. The minister said that realizing the full potential of Information and Communication Technologies (ICTs) in socio-economic development, Ministry of IT's special focus is on ICT skills development, capacity building and entrepreneurship initiatives for youth.