From July 1, 2018, to March 30, 2022, the telecommunications industry attracted $6.1 billion in foreign direct investment, according to Federal Minister for Information Technology and Telecommunications Syed Amin Ul Haque.
In his message on the occasion of ‘World Telecommunication and Information Society Day,’ Federal Minister for Information Technology said that due to telecom reforms, the number of active mobile SIMs reached 193 million by March 2022, and the number of mobiles and fixed Broadband consumers increased by 39.4 percent.
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In the previous three years, he remarked, Pakistan has achieved revolutionary steps in the information technology and telecommunications sectors. Due to telecom reforms, the number of active mobile SIMs reached 193 million by March 2022, and mobile and fixed Broadband consumers increased by 39.4 percent, he noted.
Syed Amin Ul Haque, the Minister of Information Technology and Telecommunications claimed that programs to provide broadband services across the country had begun through the Universal Service Fund (USF), an attached department of the Ministry of Information Technology and Telecommunications. By June 2021, he specified, over 37 projects worth Rs. 31 billion had been begun, with 50 to 75 percent of work done on the majority of them.
According to the Federal Minister, Rs. 6.47 billion is being spent on nine distinct optical fibre and broadband projects in Punjab, and Rs. 8.48 billion is being spent on nine projects in Sindh for the provision of high-speed internet and fibre optical laying.
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There are 11 projects totalling Rs. 8.43 billion throughout Balochistan’s 14 districts. In fourteen districts of KPK, about Rs. 7.08 billion is being invested in eight separate broadband and optical fiber projects, he said.
During the current fiscal year, Rs. 29 billion would be spent on 28 initiatives to provide broadband services to remote locations, according to Syed Amin Ul Haque.
In addition, nine distinct fiber optic cable projects are underway in all four provinces. He stated that a 4,746-kilometer cable is being built at a cost of Rs. 13.14 billion. According to him, USF completed efforts to install mobile networks along 1,929 kilometers of major roadways.